SG Americas Securities LLC Sells 2,869 Shares of Rockwell Automation, Inc. (NYSE:ROK)

SG Americas Securities LLC reduced its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 53.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,535 shares of the industrial products company's stock after selling 2,869 shares during the quarter. SG Americas Securities LLC's holdings in Rockwell Automation were worth $724,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Accredited Investors Inc. raised its holdings in Rockwell Automation by 162,058.5% in the 3rd quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company's stock valued at $318,227,000 after acquiring an additional 1,184,648 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Rockwell Automation by 29,591.7% in the third quarter. International Assets Investment Management LLC now owns 936,178 shares of the industrial products company's stock valued at $251,326,000 after purchasing an additional 933,025 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Rockwell Automation by 33.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company's stock worth $417,802,000 after acquiring an additional 390,784 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Rockwell Automation by 6.4% during the third 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 worth $303,041,000 after buying an additional 67,684 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Rockwell Automation by 97.4% in the third quarter. Natixis Advisors LLC now owns 119,961 shares of the industrial products company's stock valued at $32,205,000 after buying an additional 59,203 shares during the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP John M. Miller sold 467 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $284.07, for a total value of $132,660.69. Following the completion of the transaction, the vice president now owns 4,800 shares of the company's stock, valued at $1,363,536. This represents a 8.87 % decrease in their position. 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 business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $266.86, for a total value of $154,511.94. Following the sale, the senior vice president now owns 4,576 shares in the company, valued at $1,221,151.36. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,436 shares of company stock valued at $10,832,549. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Trading Up 0.0 %

Rockwell Automation stock traded up $0.07 during mid-day trading on Thursday, hitting $278.97. 845,376 shares of the company's stock were exchanged, compared to its average volume of 672,709. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $304.29. The company's 50 day simple moving average is $288.58 and its 200-day simple moving average is $275.34. The firm has a market capitalization of $31.53 billion, a P/E ratio of 33.69, a PEG ratio of 3.11 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 1.08 and a debt-to-equity ratio of 0.70.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its 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. Rockwell Automation had a net margin of 11.53% and a return on equity of 30.42%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business earned $3.64 EPS. The company's revenue for the quarter was down 20.6% compared to the same quarter last year. On average, equities analysts anticipate that Rockwell Automation, Inc. will post 9.32 earnings per share for the current year.

Wall Street Analyst Weigh In

ROK has been the subject of several recent analyst reports. 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 report on Wednesday, December 11th. Citigroup raised their target price on shares of Rockwell Automation from $313.00 to $345.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Mizuho increased their price target on shares of Rockwell Automation from $245.00 to $270.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Barclays reduced their price target on shares of Rockwell Automation from $290.00 to $285.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Finally, Bank of America upped their price target on Rockwell Automation from $270.00 to $285.00 and gave the company a "neutral" rating in a research 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 company's stock. Based on data from MarketBeat, Rockwell Automation has a consensus rating of "Hold" and an average price target 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.