Rockwell Automation, Inc. (NYSE:ROK) Position Trimmed by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC trimmed its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 94.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,552 shares of the industrial products company’s stock after selling 25,631 shares during the period. Cyrus J. Lawrence LLC’s holdings in Rockwell Automation were worth $427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. lifted 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 worth $72,000 after acquiring an additional 37 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Rockwell Automation by 3.0% in the 1st quarter. CreativeOne Wealth LLC now owns 1,277 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 37 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Rockwell Automation by 5.9% during 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 period. Lindbrook Capital LLC grew its position in shares of Rockwell Automation by 5.9% during the first quarter. Lindbrook Capital LLC now owns 749 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 42 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its holdings in shares of Rockwell Automation by 2.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,613 shares of the industrial products company’s stock worth $444,000 after acquiring an additional 42 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ROK. Oppenheimer reduced their target price 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. Morgan Stanley initiated coverage on Rockwell Automation in a research note on Friday, September 6th. They set an “overweight” rating and a $320.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Barclays reduced their price objective 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. Finally, Wells Fargo & Company lowered their target price on shares of Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating on the stock in a research note 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $282.80.

Rockwell Automation Trading Down 2.5 %

Shares of NYSE:ROK opened at $261.60 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a market capitalization of $29.82 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 4.57 and a beta of 1.37. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $312.76. The company has a 50 day moving average price of $265.23 and a 200 day moving average price of $269.87.

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. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $3.01 EPS. The company’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 EPS for the current fiscal year.

Rockwell Automation declared that its board has authorized a stock 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are 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.