Walleye Capital LLC Invests $241,000 in Rockwell Automation, Inc. (NYSE:ROK)

Walleye Capital LLC purchased a new position in shares of Rockwell Automation, Inc. (NYSE:ROKGet Rating) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,208 shares of the industrial products company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ROK. Harding Loevner LP grew its stake in shares of Rockwell Automation by 1,612,383.6% during the 1st quarter. Harding Loevner LP now owns 886,866 shares of the industrial products company’s stock worth $180,229,000 after purchasing an additional 886,811 shares during the period. Van ECK Associates Corp grew its stake in Rockwell Automation by 2,872.3% in the 2nd quarter. Van ECK Associates Corp now owns 446,463 shares of the industrial products company’s stock valued at $88,984,000 after acquiring an additional 431,442 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Rockwell Automation in the 1st quarter valued at about $120,251,000. Ninety One UK Ltd grew its stake in Rockwell Automation by 74.9% in the 1st quarter. Ninety One UK Ltd now owns 860,465 shares of the industrial products company’s stock valued at $240,956,000 after acquiring an additional 368,508 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Rockwell Automation by 2.9% in the 1st quarter. BlackRock Inc. now owns 9,227,972 shares of the industrial products company’s stock valued at $2,584,111,000 after acquiring an additional 261,227 shares during the last quarter. 79.11% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Trading Up 2.3 %

Shares of ROK stock opened at $264.74 on Friday. The firm has a market cap of $30.40 billion, a P/E ratio of 33.22, a PEG ratio of 2.66 and a beta of 1.46. Rockwell Automation, Inc. has a 1-year low of $190.08 and a 1-year high of $354.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.01 and a quick ratio of 0.72. The firm’s 50-day simple moving average is $239.82 and its 200-day simple moving average is $227.06.

Rockwell Automation (NYSE:ROKGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The industrial products company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.09. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Rockwell Automation had a net margin of 12.01% and a return on equity of 38.84%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS. As a group, equities analysts forecast that Rockwell Automation, Inc. will post 10.71 EPS for the current year.

Rockwell Automation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, November 10th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.12. Rockwell Automation’s dividend payout ratio is 59.22%.

Insider Buying and Selling

In related news, SVP Veena M. Lakkundi sold 606 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $242.24, for a total transaction of $146,797.44. Following the completion of the sale, the senior vice president now owns 1,269 shares of the company’s stock, valued at approximately $307,402.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Veena M. Lakkundi sold 606 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $242.24, for a total transaction of $146,797.44. Following the completion of the sale, the senior vice president now owns 1,269 shares of the company’s stock, valued at approximately $307,402.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher Nardecchia sold 428 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $226.38, for a total transaction of $96,890.64. Following the completion of the sale, the senior vice president now directly owns 7,809 shares of the company’s stock, valued at approximately $1,767,801.42. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ROK. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Rockwell Automation from $231.00 to $239.00 and gave the company a “hold” rating in a research note on Thursday, October 13th. Robert W. Baird increased their price objective on shares of Rockwell Automation from $250.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday. Credit Suisse Group increased their price objective on shares of Rockwell Automation from $241.00 to $243.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Argus upped their target price on shares of Rockwell Automation from $250.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Finally, Barclays reduced their target price on shares of Rockwell Automation from $212.00 to $206.00 and set an “equal weight” rating on the stock in a report on Monday, October 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $238.19.

Rockwell Automation Profile

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Rockwell Automation, Inc provides industrial automation and digital transformation solutions in the United States and internationally. The company operates in three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products, and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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