KG&L Capital Management LLC Reduces Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

KG&L Capital Management LLC decreased its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 16.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Rockwell Automation during the third quarter worth $26,000. Richardson Financial Services Inc. raised its stake in shares of 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 buying an additional 48 shares during the last quarter. West Oak Capital LLC grew its stake 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 acquiring an additional 82 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Rockwell Automation during the 3rd quarter valued at about $34,000. Finally, Heck Capital Advisors LLC acquired a new position in Rockwell Automation during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Rockwell Automation

In other Rockwell Automation news, SVP Veena M. Lakkundi sold 579 shares of Rockwell Automation stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $266.86, for a total transaction of $154,511.94. Following the sale, the senior vice president now directly owns 4,576 shares in the company, valued at $1,221,151.36. The trade was a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott Genereux sold 278 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $302.04, for a total value of $83,967.12. Following the transaction, the vice president now owns 3,184 shares of the company’s stock, valued at approximately $961,695.36. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,436 shares of company stock valued at $10,832,549 over the last 90 days. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Trading Down 0.3 %

NYSE ROK opened at $278.19 on Friday. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 1.08. Rockwell Automation, Inc. has a one year low of $242.81 and a one year high of $304.29. The company’s 50 day moving average price is $288.35 and its 200 day moving average price is $275.31.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. HSBC raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 price target for the company in a research report on Wednesday, December 11th. KeyCorp upgraded Rockwell Automation from a “sector weight” rating to an “overweight” rating and set a $345.00 price objective on the stock in a research report on Monday, December 9th. Barclays dropped their price objective on Rockwell Automation from $290.00 to $285.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Finally, Stephens upgraded shares of Rockwell Automation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $275.00 to $350.00 in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $304.16.

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.