Rockwell Automation, Inc. (NYSE:ROK) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC cut its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,951 shares of the industrial products company’s stock after selling 390 shares during the quarter. KG&L Capital Management LLC’s holdings in Rockwell Automation were worth $558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at $26,000. Richardson Financial Services Inc. increased its holdings in Rockwell Automation by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 96 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 48 shares during the period. West Oak Capital LLC raised its position in Rockwell Automation by 455.6% in the 4th quarter. West Oak Capital LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 82 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Rockwell Automation in the 3rd quarter valued at about $34,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Rockwell Automation during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In related news, SVP Veena M. Lakkundi sold 579 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $266.86, for a total transaction of $154,511.94. Following the completion of the transaction, the senior vice president now directly owns 4,576 shares of the company’s stock, valued at $1,221,151.36. This represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John M. Miller sold 467 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $284.07, for a total transaction of $132,660.69. Following the completion of the sale, the vice president now owns 4,800 shares of the company’s stock, valued at approximately $1,363,536. The trade was a 8.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock worth $10,832,549 over the last 90 days. 0.68% of the stock is currently owned by insiders.

Rockwell Automation Trading Down 0.3 %

Shares of Rockwell Automation stock opened at $278.19 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. The company has a market capitalization of $31.44 billion, a P/E ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36. Rockwell Automation, Inc. has a 1 year low of $242.81 and a 1 year high of $304.29. The company’s fifty day moving average is $288.35 and its two-hundred day moving average is $275.31.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.07. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.06 billion. Rockwell Automation had a return on equity of 30.42% and a net margin of 11.53%. The business’s revenue was down 20.6% on a year-over-year basis. During the same quarter last year, the company posted $3.64 earnings per share. Analysts forecast that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Barclays lowered their target price on shares of Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price on the stock in a report on Wednesday, December 11th. Oppenheimer upped their price objective on Rockwell Automation from $288.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised Rockwell Automation from a “hold” rating to a “buy” rating and raised their target price for the stock from $290.00 to $350.00 in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $304.16.

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.