Schaper Benz & Wise Investment Counsel Inc. WI Buys 2,122 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,276 shares of the industrial products company’s stock after purchasing an additional 2,122 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Rockwell Automation were worth $5,175,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on ROK shares. JPMorgan Chase & Co. decreased their target price on Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Barclays lowered 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 note on Wednesday, July 10th. Robert W. Baird reduced their price target on shares of Rockwell Automation from $304.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company upped their price objective on shares of Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Redburn Atlantic initiated coverage on Rockwell Automation in a report on Monday, July 8th. They set a “neutral” rating and a $256.00 target price on the stock. 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 stock. According to MarketBeat, Rockwell Automation has a consensus rating of “Hold” and an average price target of $286.47.

Rockwell Automation Stock Up 0.1 %

ROK stock opened at $272.82 on Friday. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 4.64 and a beta of 1.36. Rockwell Automation, Inc. has a twelve month low of $242.81 and a twelve month high of $312.76. The business has a 50 day moving average price of $264.95 and a two-hundred day moving average price of $267.59. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Rockwell Automation (NYSE:ROK) last issued its 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. Rockwell Automation had a net margin of 11.56% and a return on equity of 34.09%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company earned $3.01 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts anticipate that Rockwell Automation, Inc. will post 9.67 EPS for the current fiscal year.

Rockwell Automation announced that its Board of Directors has initiated a share buyback plan on Thursday, September 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

About Rockwell Automation

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.