Signaturefd LLC Has $635,000 Stake in Rockwell Automation, Inc. (NYSE:ROK)

Signaturefd LLC reduced its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,366 shares of the industrial products company’s stock after selling 85 shares during the quarter. Signaturefd LLC’s holdings in Rockwell Automation were worth $635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in Rockwell Automation during the 1st quarter valued at approximately $26,000. ESL Trust Services LLC acquired a new position in shares of Rockwell Automation during the first quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Rockwell Automation in the second quarter valued at approximately $36,000. Webster Bank N. A. acquired a new stake in shares of Rockwell Automation in the first quarter worth $44,000. Finally, Cultivar Capital Inc. bought a new position in Rockwell Automation during the second quarter worth $46,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ROK shares. TD Cowen reduced their price target on shares of Rockwell Automation from $220.00 to $215.00 and set a “sell” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Oppenheimer lifted their target price on Rockwell Automation from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays cut their price target on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Finally, Bank of America lifted their price objective on Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $286.47.

Rockwell Automation Price Performance

Shares of Rockwell Automation stock opened at $267.68 on Friday. The stock has a market capitalization of $30.37 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 4.68 and a beta of 1.36. The firm’s 50-day moving average price is $265.56 and its two-hundred day moving average price is $267.37. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.73. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $312.76.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company earned $3.01 EPS. Rockwell Automation’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts predict that Rockwell Automation, Inc. will post 9.65 earnings per share for the current fiscal year.

Rockwell Automation declared that its board has initiated a share buyback plan on Thursday, September 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.