Regency Capital Management Inc. DE Makes New $430,000 Investment in Rockwell Automation, Inc. (NYSE:ROK)

Regency Capital Management Inc. DE purchased a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,600 shares of the industrial products company’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its holdings in Rockwell Automation by 17.5% in the first quarter. Hazlett Burt & Watson Inc. now owns 248 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 37 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in Rockwell Automation by 3.0% in the first quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 37 shares during the last quarter. Mather Group LLC. boosted its holdings in Rockwell Automation by 5.9% in the second quarter. Mather Group LLC. now owns 680 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 38 shares during the last quarter. Pure Financial Advisors LLC boosted its holdings in shares of Rockwell Automation by 2.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company’s stock worth $444,000 after buying an additional 42 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of Rockwell Automation by 4.2% during the 1st quarter. Pitcairn Co. now owns 1,096 shares of the industrial products company’s stock worth $319,000 after buying an additional 44 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ROK shares. Morgan Stanley started coverage on Rockwell Automation in a report on Friday, September 6th. They set an “overweight” rating and a $320.00 price target on the stock. Wells Fargo & Company cut their price target on Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Oppenheimer lowered their target price on Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. TD Cowen lowered their target price on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America lowered their target price on Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Rockwell Automation presently has a consensus rating of “Hold” and a consensus target price of $282.80.

Rockwell Automation Price Performance

Shares of NYSE:ROK traded up $2.04 on Friday, hitting $267.01. The company’s stock had a trading volume of 415,748 shares, compared to its average volume of 906,143. The company has a 50-day simple moving average of $263.15 and a 200 day simple moving average of $268.79. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $312.76. The company has a market capitalization of $30.44 billion, a PE ratio of 25.89, a PEG ratio of 4.64 and a beta of 1.36. 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 released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.63. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the firm posted $3.01 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. Sell-side analysts forecast that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

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

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.