Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA lifted its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,475 shares of the industrial products company’s stock after buying an additional 75 shares during the period. Middleton & Co. Inc. MA’s holdings in Rockwell Automation were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of Rockwell Automation during the 1st quarter worth approximately $26,000. Riverview Trust Co purchased a new position in Rockwell Automation during the first quarter worth approximately $28,000. ESL Trust Services LLC acquired a new position in Rockwell Automation during the first quarter worth $29,000. Security National Bank purchased a new stake in Rockwell Automation in the 4th quarter valued at $40,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of Rockwell Automation in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. TD Cowen decreased their target price on shares of Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company decreased their price objective on Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and a consensus target price of $282.80.

Rockwell Automation Stock Performance

NYSE ROK opened at $262.74 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68. 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 stock has a 50-day moving average of $265.79 and a two-hundred day moving average of $270.34. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $312.76.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.01 earnings per share. As a group, analysts anticipate that Rockwell Automation, Inc. will post 9.67 EPS for the current year.

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

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.