Delaney Dennis R Has $5.88 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Delaney Dennis R raised its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,375 shares of the industrial products company’s stock after acquiring an additional 63 shares during the quarter. Rockwell Automation comprises 3.2% of Delaney Dennis R’s investment portfolio, making the stock its 15th biggest holding. Delaney Dennis R’s holdings in Rockwell Automation were worth $5,884,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC bought a new position in shares of Rockwell Automation during the 1st quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in Rockwell Automation in the first quarter worth $28,000. ESL Trust Services LLC acquired a new stake in Rockwell Automation in the first quarter worth $29,000. Security National Bank bought a new position in shares of Rockwell Automation during the 4th quarter worth about $40,000. Finally, Cooksen Wealth LLC bought a new position in Rockwell Automation in the fourth quarter worth approximately $40,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Trading Down 0.2 %

NYSE:ROK opened at $262.74 on Thursday. The stock’s fifty day moving average price is $265.79 and its two-hundred day moving average price is $270.34. The company has a market cap of $29.95 billion, a P/E ratio of 25.68, a P/E/G ratio of 4.57 and a beta of 1.37. 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, Inc. has a 1 year low of $242.81 and a 1 year high of $312.76.

Rockwell Automation (NYSE:ROK) last issued 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 net margin of 11.56% and a return on equity of 34.09%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $3.01 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts expect that Rockwell Automation, Inc. will post 9.67 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. 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 research report on Thursday, August 8th. Barclays dropped their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Redburn Atlantic assumed coverage on Rockwell Automation in a research note on Monday, July 8th. They issued a “neutral” rating and a $256.00 price objective for the company. Oppenheimer dropped their target price on Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America decreased their price target on Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $282.80.

About Rockwell Automation

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.