Koshinski Asset Management Inc. Has $1.08 Million Holdings in Rockwell Automation, Inc. (NYSE:ROK)

Koshinski Asset Management Inc. decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,017 shares of the industrial products company’s stock after selling 57 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Rockwell Automation were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ROK. TD Cowen reduced their target price on Rockwell Automation from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company lifted their price objective on Rockwell Automation from $293.00 to $305.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Redburn Atlantic began coverage on Rockwell Automation in a research note on Monday, July 8th. They set a “neutral” rating and a $256.00 target price for the company. Robert W. Baird cut 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 note on Thursday, August 8th. Finally, Barclays lowered their price objective on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation has an average rating of “Hold” and an average price target of $283.60.

Rockwell Automation Stock Performance

ROK opened at $271.16 on Monday. 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, Inc. has a 12-month low of $242.81 and a 12-month high of $312.76. The business has a 50 day moving average of $262.91 and a 200-day moving average of $267.91. The stock has a market cap of $30.91 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 4.64 and a beta of 1.36.

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

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

Rockwell Automation 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.