Transatlantique Private Wealth LLC Purchases 70 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Transatlantique Private Wealth LLC boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,970 shares of the industrial products company’s stock after buying an additional 70 shares during the period. Transatlantique Private Wealth LLC’s holdings in Rockwell Automation were worth $818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROK. Vanguard Group Inc. boosted its position in shares of Rockwell Automation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 14,048,986 shares of the industrial products company’s stock valued at $4,092,891,000 after acquiring an additional 438,356 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Rockwell Automation by 951.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,532,949 shares of the industrial products company’s stock valued at $1,611,915,000 after purchasing an additional 5,006,706 shares in the last quarter. Lazard Asset Management LLC lifted its position in Rockwell Automation by 32.0% during the first quarter. Lazard Asset Management LLC now owns 1,510,019 shares of the industrial products company’s stock valued at $439,912,000 after purchasing an additional 365,795 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Rockwell Automation by 6.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 955,574 shares of the industrial products company’s stock worth $278,387,000 after buying an additional 54,948 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its stake in Rockwell Automation by 82.4% in the 1st quarter. Champlain Investment Partners LLC now owns 859,717 shares of the industrial products company’s stock worth $250,461,000 after buying an additional 388,400 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Rockwell Automation Trading Down 2.5 %

ROK opened at $261.58 on Friday. The firm has a market capitalization of $29.82 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 4.57 and a beta of 1.37. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $312.76. The business has a 50 day simple moving average of $265.23 and a two-hundred day simple moving average of $270.14. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68.

Rockwell Automation (NYSE:ROK) last announced 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.01 earnings per share. Analysts predict that Rockwell Automation, Inc. will post 9.67 EPS for the current year.

Rockwell Automation announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

ROK has been the topic of several research reports. Oppenheimer lowered their price objective on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Robert W. Baird cut their price objective on Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. TD Cowen decreased their price objective on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, Redburn Atlantic started coverage on shares of Rockwell Automation in a report on Monday, July 8th. They issued a “neutral” rating and a $256.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $282.80.

Rockwell Automation Company 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.