Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Vanguard Personalized Indexing Management LLC boosted its position in Rockwell Automation, Inc. (NYSE:ROK) by 8.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,167 shares of the industrial products company’s stock after acquiring an additional 868 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rockwell Automation were worth $2,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter valued at $26,000. Riverview Trust Co purchased a new stake in shares of Rockwell Automation during the 1st quarter valued at $28,000. ESL Trust Services LLC purchased a new stake in shares of Rockwell Automation during the 1st quarter valued at $29,000. Security National Bank purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $40,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Rockwell Automation during the 4th quarter valued at $40,000. 75.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROK has been the subject of several research reports. Robert W. Baird lowered their price objective on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Oppenheimer lowered their price objective on shares of Rockwell Automation from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. TD Cowen lowered their price objective on shares of Rockwell Automation from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Bank of America reduced their target price on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company reduced their target price on shares of Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Rockwell Automation presently has an average rating of “Hold” and an average price target of $282.80.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $268.30 on Friday. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $312.76. 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 firm has a market capitalization of $30.59 billion, a P/E ratio of 26.23, a P/E/G ratio of 4.57 and a beta of 1.37. The company’s fifty day moving average price is $265.67 and its two-hundred day moving average price is $270.32.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data 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 previous year, the business posted $3.01 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, research analysts anticipate that Rockwell Automation, Inc. will post 9.67 earnings per share for the current fiscal year.

Rockwell Automation announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board 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.