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

KG&L Capital Management LLC decreased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 51.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 951 shares of the industrial products company's stock after selling 1,000 shares during the quarter. KG&L Capital Management LLC's holdings in Rockwell Automation were worth $246,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Rockwell Automation by 0.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,775 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 33 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Rockwell Automation by 1.9% during the fourth quarter. Whittier Trust Co. now owns 1,896 shares of the industrial products company's stock worth $542,000 after purchasing an additional 35 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Rockwell Automation by 0.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after purchasing an additional 38 shares during the period. Lake Street Advisors Group LLC grew its stake in shares of Rockwell Automation by 3.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,351 shares of the industrial products company's stock worth $386,000 after purchasing an additional 39 shares during the last quarter. Finally, Knuff & Co LLC increased its holdings in Rockwell Automation by 41.0% during the 4th quarter. Knuff & Co LLC now owns 141 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 41 shares during the period. 75.75% of the stock is currently owned by institutional investors.

Rockwell Automation Stock Up 1.2%

Shares of NYSE ROK traded up $3.82 on Friday, reaching $330.03. 940,246 shares of the company's stock traded hands, compared to its average volume of 871,992. The business's 50 day simple moving average is $295.87 and its two-hundred day simple moving average is $281.59. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $331.17. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 3.74 and a beta of 1.38. The company has a quick ratio of 0.72, a current ratio of 1.05 and a debt-to-equity ratio of 0.71.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.50 EPS. As a group, equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.31 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $5.24 annualized dividend and a dividend yield of 1.59%. Rockwell Automation's payout ratio is presently 65.99%.

Insider Activity

In other Rockwell Automation news, SVP Matthew W. Fordenwalt sold 223 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $313.97, for a total transaction of $70,015.31. Following the sale, the senior vice president now directly owns 3,209 shares in the company, valued at approximately $1,007,529.73. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matheus De A. G. Viera Bulho sold 293 shares of Rockwell Automation stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $257.68, for a total value of $75,500.24. Following the completion of the sale, the senior vice president now directly owns 1,922 shares of the company's stock, valued at approximately $495,260.96. The trade was a 13.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,681 shares of company stock worth $2,382,987 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup increased their price objective on Rockwell Automation from $327.00 to $371.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. BNP Paribas upgraded Rockwell Automation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. TD Cowen upgraded shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price target on the stock in a report on Friday, May 9th. Loop Capital boosted their price objective on shares of Rockwell Automation from $280.00 to $290.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Finally, Barclays upgraded shares of Rockwell Automation from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $283.00 to $350.00 in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $317.79.

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.