Bartlett & CO. Wealth Management LLC Purchases 125 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Bartlett & CO. Wealth Management LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,612 shares of the industrial products company’s stock after acquiring an additional 125 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Rockwell Automation were worth $9,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Nomura Holdings Inc. bought a new position in shares of Rockwell Automation in the fourth quarter valued at $718,000. CWM LLC increased its holdings in Rockwell Automation by 2.5% during the 1st quarter. CWM LLC now owns 2,628 shares of the industrial products company’s stock worth $766,000 after purchasing an additional 63 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Rockwell Automation by 15.1% in the first quarter. First Hawaiian Bank now owns 2,983 shares of the industrial products company’s stock worth $869,000 after purchasing an additional 391 shares during the last quarter. Czech National Bank boosted its position in shares of Rockwell Automation by 0.4% during the first quarter. Czech National Bank now owns 20,162 shares of the industrial products company’s stock valued at $5,874,000 after buying an additional 77 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in Rockwell Automation by 42.5% during the first quarter. Banque Cantonale Vaudoise now owns 5,631 shares of the industrial products company’s stock worth $1,640,000 after buying an additional 1,679 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROK has been the subject of several analyst reports. Mizuho increased their target price on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley began coverage on Rockwell Automation in a research report on Friday, September 6th. They set an “overweight” rating and a $320.00 target price for the company. Oppenheimer increased their price target on shares of Rockwell Automation from $270.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Redburn Atlantic initiated coverage on shares of Rockwell Automation in a research note on Monday, July 8th. They set a “neutral” rating and a $256.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $286.47.

Rockwell Automation Stock Up 0.1 %

Shares of NYSE:ROK opened at $272.82 on Friday. The firm has a fifty day moving average price of $264.95 and a two-hundred day moving average price of $267.67. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 4.64 and a beta of 1.36. 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, Inc. has a one year low of $242.81 and a one year high of $312.76.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $3.01 EPS. Analysts anticipate that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

Rockwell Automation declared that its board has approved a stock buyback 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 reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Rockwell Automation Company 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.