1,200 Shares in Rockwell Automation, Inc. (NYSE:ROK) Bought by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. acquired a new stake in Rockwell Automation, Inc. (NYSE:ROK) in the 3rd quarter, Holdings Channel reports. The fund acquired 1,200 shares of the industrial products company’s stock, valued at approximately $322,000.

Several other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Rockwell Automation in the 1st quarter valued at about $26,000. Richardson Financial Services Inc. boosted its holdings in shares of Rockwell Automation by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 48 shares during the period. ESL Trust Services LLC purchased a new position in shares of Rockwell Automation during the first quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in Rockwell Automation in the 2nd quarter valued at $36,000. Finally, Cultivar Capital Inc. acquired a new stake in Rockwell Automation during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Rockwell Automation Trading Up 0.5 %

Shares of ROK opened at $271.33 on Tuesday. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $312.76. The stock has a fifty day moving average of $265.91 and a two-hundred day moving average of $266.93. 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 capitalization of $30.79 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 4.70 and a beta of 1.36.

Rockwell Automation (NYSE:ROK) last posted 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 during 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 quarter in the prior year, the company posted $3.01 EPS. As a group, analysts forecast that Rockwell Automation, Inc. will post 9.65 EPS for the current year.

Rockwell Automation announced that its board has authorized a share buyback 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 repurchase up to 3.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ROK shares. JPMorgan Chase & Co. reduced their target price on shares of Rockwell Automation from $245.00 to $227.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Mizuho increased their price objective on Rockwell Automation from $245.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Redburn Atlantic started coverage on Rockwell Automation in a report on Monday, July 8th. They issued a “neutral” rating and a $256.00 target price on the stock. Barclays lowered their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Bank of America upped their price objective on shares of Rockwell Automation from $270.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.