Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by Cwm LLC

Cwm LLC trimmed its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,389 shares of the industrial products company’s stock after selling 130 shares during the quarter. Cwm LLC’s holdings in Rockwell Automation were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $28,000. ESL Trust Services LLC acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Rockwell Automation during the 2nd quarter worth approximately $36,000. Finally, Webster Bank N. A. acquired a new stake in shares of Rockwell Automation during the 1st quarter worth approximately $44,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on ROK shares. Mizuho raised their target price on Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a research report on Thursday. Oppenheimer raised their target price on Rockwell Automation from $270.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley started coverage on Rockwell Automation in a research report on Friday, September 6th. They issued an “overweight” rating and a $320.00 target price on the stock. Redburn Atlantic started coverage on Rockwell Automation in a research report on Monday, July 8th. They issued a “neutral” rating and a $256.00 target price on the stock. Finally, Robert W. Baird lowered their target price on Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $286.47.

Rockwell Automation Stock Performance

ROK opened at $272.82 on Friday. The firm has a market cap of $31.10 billion, a PE ratio of 26.67, a P/E/G ratio of 4.64 and a beta of 1.36. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $264.95 and a 200-day simple moving average of $267.67. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $312.76.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.63. The business 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 company’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $3.01 EPS. As a group, equities analysts predict that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

Rockwell Automation announced that its board has authorized a stock repurchase program on Thursday, September 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Rockwell Automation 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.