Susquehanna Fundamental Investments LLC Takes $1.35 Million Position in Rockwell Automation, Inc. (NYSE:ROK)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 4,900 shares of the industrial products company’s stock, valued at approximately $1,349,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of Rockwell Automation during the 1st quarter valued at $26,000. Riverview Trust Co bought a new position in shares of Rockwell Automation during the 1st quarter valued at $28,000. ESL Trust Services LLC bought a new position in shares of Rockwell Automation during the 1st quarter valued at $29,000. Security National Bank bought a new stake in Rockwell Automation in the 4th quarter worth $40,000. Finally, Cooksen Wealth LLC bought a new stake in Rockwell Automation in the 4th quarter worth $40,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 1.2 %

Shares of NYSE ROK opened at $265.26 on Wednesday. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $312.76. The stock has a market cap of $30.24 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 4.64 and a beta of 1.37. The firm has a 50-day moving average of $263.21 and a 200 day moving average of $268.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) 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 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 revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.01 earnings per share. As a group, sell-side analysts expect that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

Rockwell Automation declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

ROK has been the topic of a number of recent analyst reports. Redburn Atlantic initiated coverage on shares of Rockwell Automation in a report on Monday, July 8th. They issued a “neutral” rating and a $256.00 price target on the stock. Bank of America dropped their target price on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Barclays dropped their target price 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 dropped their target price 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. Finally, Oppenheimer dropped 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 report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $282.80.

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.