3 Fresh Stock Buybacks: These are the Ones to Buy

Core Viewpoint - The article discusses the significance of stock buybacks as a sign of corporate strength and their potential to enhance shareholder value, while noting that not all buybacks are equally effective [1]. Group 1: Rockwell Automation - Rockwell Automation announced a new $1 billion buyback authorization, increasing the existing allotment to$1.35 billion, which represents about 4.6% of its market cap [3]. - The share count for Rockwell Automation decreased by 1.2% at the end of Q3, an acceleration from the previous year's 0.75% reduction [3]. - The company has a dividend yield of 1.94% and a P/E ratio of 25.22, with a price target set at $282.80 [4]. Group 2: Helen of Troy - Helen of Troy has authorized a new$500 million share repurchase, replacing an old authorization worth only $55 million, which is about 40$200 million buyback authorization, expected to reduce the share count by 4.5% [7]. - The company has a high dividend yield of 6.23% and a P/E ratio of 12.79, with a price target of $28.00 [7]. - Institutional interest in Autohome has increased, with total holdings rising to over 64% [7].