PFG Investments LLC Has $575,000 Stock Position in Rockwell Automation, Inc. (NYSE:ROK)

PFG Investments LLC lowered its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,013 shares of the industrial products company’s stock after selling 58 shares during the quarter. PFG Investments LLC’s holdings in Rockwell Automation were worth $575,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State Street Corp boosted its position in shares of Rockwell Automation by 0.3% in the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock worth $1,247,839,000 after buying an additional 11,949 shares during the period. Geode Capital Management LLC increased its holdings in shares of Rockwell Automation by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Rockwell Automation by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after purchasing an additional 390,784 shares during the period. Accredited Investors Inc. lifted its position in shares of Rockwell Automation by 162,058.5% in the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock worth $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rockwell Automation by 6.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after buying an additional 67,684 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the completion of the transaction, the vice president now owns 1,198 shares in the company, valued at $329,114.56. This trade represents a 42.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Veena M. Lakkundi sold 579 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $266.86, for a total value of $154,511.94. Following the completion of the sale, the senior vice president now owns 4,576 shares in the company, valued at approximately $1,221,151.36. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,436 shares of company stock worth $10,832,549. 0.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROK. Bank of America boosted their price target on shares of Rockwell Automation from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Stephens raised Rockwell Automation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $275.00 to $350.00 in a research note on Thursday, January 16th. Morgan Stanley increased their price objective on Rockwell Automation from $320.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. HSBC upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $355.00 target price for the company in a research note on Wednesday, December 11th. Finally, Mizuho raised their price target on shares of Rockwell Automation from $245.00 to $270.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $304.16.

Rockwell Automation Stock Performance

NYSE ROK opened at $278.97 on Thursday. The company’s fifty day moving average is $288.61 and its two-hundred day moving average is $275.31. Rockwell Automation, Inc. has a 52-week low of $242.81 and a 52-week high of $307.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 0.72. The firm has a market capitalization of $31.53 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 3.11 and a beta of 1.36.

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

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.