Rockwell Automation, Inc. (NYSE:ROK) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in Rockwell Automation, Inc. (NYSE:ROK) by 8.4% during the second quarter, HoldingsChannel.com reports. The firm owned 11,167 shares of the industrial products company’s stock after purchasing an additional 868 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rockwell Automation were worth $2,979,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ROK. Pathway Financial Advisers LLC acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of Rockwell Automation during the 1st quarter valued at about $28,000. ESL Trust Services LLC bought a new stake in shares of Rockwell Automation during the 1st quarter valued at about $29,000. Security National Bank bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $40,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Rockwell Automation during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ROK shares. 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 report on Thursday, August 8th. Barclays lowered their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company lowered their price objective on shares of Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic started coverage on shares of Rockwell Automation in a research report on Monday, July 8th. They set a “neutral” rating and a $256.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rockwell Automation currently has an average rating of “Hold” and an average price target of $282.80.

Rockwell Automation Trading Up 2.1 %

Shares of NYSE:ROK opened at $268.30 on Friday. The company has a 50 day moving average of $265.67 and a 200-day moving average of $270.32. The firm has a market cap 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. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $312.76. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.73.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.01 EPS. As a group, 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 authorized a share repurchase program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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.