Octavia Wealth Advisors LLC Purchases 152 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Octavia Wealth Advisors LLC grew its holdings in Rockwell Automation, Inc. (NYSE:ROK) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,884 shares of the industrial products company’s stock after purchasing an additional 152 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Rockwell Automation were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROK. Taylor Financial Group Inc. bought a new position in Rockwell Automation during the fourth quarter worth about $597,000. Clarity Capital Partners LLC acquired a new position in Rockwell Automation during the fourth quarter valued at approximately $362,000. GLOBALT Investments LLC GA bought a new stake in Rockwell Automation in the fourth quarter valued at approximately $682,000. V Square Quantitative Management LLC raised its holdings in Rockwell Automation by 32.4% in the fourth quarter. V Square Quantitative Management LLC now owns 2,090 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 511 shares during the period. Finally, Kampmann Melissa S. boosted its position in shares of Rockwell Automation by 1.1% during the fourth quarter. Kampmann Melissa S. now owns 12,207 shares of the industrial products company’s stock worth $3,790,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Rockwell Automation Stock Performance

NYSE ROK traded up $3.01 on Friday, reaching $271.16. The stock had a trading volume of 597,917 shares, compared to its average volume of 894,610. Rockwell Automation, Inc. has a 1-year low of $242.81 and a 1-year high of $312.76. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 0.68. The company has a market cap of $30.77 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 4.64 and a beta of 1.36. The firm has a fifty day moving average of $262.91 and a two-hundred day moving average of $268.19.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.63. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Rockwell Automation had a return on equity of 34.09% and a net margin of 11.56%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.01 EPS. On average, equities research analysts anticipate that Rockwell Automation, Inc. will post 9.67 EPS for the current year.

Rockwell Automation announced that its board has authorized a share repurchase plan on Thursday, September 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ROK has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Morgan Stanley began coverage on Rockwell Automation in a research report on Friday, September 6th. They set an “overweight” rating and a $320.00 price target on the stock. Wells Fargo & Company boosted their price objective on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays cut their price target on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Bank of America dropped their price objective on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $283.60.

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.