Venture Visionary Partners LLC Buys 360 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Venture Visionary Partners LLC boosted its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,645 shares of the industrial products company’s stock after purchasing an additional 360 shares during the period. Venture Visionary Partners LLC’s holdings in Rockwell Automation were worth $5,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in shares of Rockwell Automation in the first quarter worth $26,000. Riverview Trust Co bought a new stake in Rockwell Automation during the 1st quarter worth approximately $28,000. ESL Trust Services LLC bought a new position in shares of Rockwell Automation in the first quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Rockwell Automation during the 2nd quarter valued at $36,000. Finally, Webster Bank N. A. purchased a new stake in shares of Rockwell Automation during the first quarter worth about $44,000. Institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Down 1.1 %

Shares of NYSE ROK traded down $2.88 during trading on Monday, reaching $269.94. The stock had a trading volume of 465,716 shares, compared to its average volume of 882,794. 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 company has a market cap of $30.77 billion, a P/E ratio of 26.67, a PEG ratio of 4.64 and a beta of 1.36. The business’s 50-day moving average price is $264.95 and its 200-day moving average price is $267.50. 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 announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.01 EPS. On average, equities research analysts predict that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

Rockwell Automation declared that its board has approved a share repurchase plan on Thursday, September 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ROK has been the subject of several research analyst reports. Barclays cut their price target on Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. TD Cowen lowered their target price on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Redburn Atlantic assumed coverage on shares of Rockwell Automation in a report on Monday, July 8th. They set a “neutral” rating and a $256.00 target price on the stock. Morgan Stanley initiated coverage on Rockwell Automation in a report on Friday, September 6th. They issued an “overweight” rating and a $320.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their target price on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $286.47.

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.