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

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

Several other institutional investors and hedge funds also changed their positions in ROK. Harding Loewner LP raised its holding in Rockwell Automation shares by 1,612,383.6% during the first quarter. Harding Loewner LP now owns 886,866 shares of the industrial products company worth $180,229,000 after buying an additional 886,811 shares during the period. Van ECK Associates Corp raised its stake in Rockwell Automation to 2,872.3% in the second 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. Seredex Value Advisors LLC acquired a new stake in Rockwell Automation in the first quarter valued at approximately $120,251,000. Ninety One UK Ltd increased its stake in Rockwell Automation to 74.9% in the first quarter. Ninety One UK Ltd now holds 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. Lastly, BlackRock Inc. raised its stake in Rockwell Automation by 2.9% in the first quarter. After acquiring an additional 261,227 shares during the previous quarter, BlackRock Inc. Now owns 9,227,972 shares of the industrial products company’s stock valued at $2,584,111,000. 79.11% of the stock is owned by institutional investors and hedge funds.

Rockwell Automation Trading up 2.3%

Shares of ROK opened Friday at $264.74. The firm has a market cap of $30.40 billion, P/E ratio of 33.22, PEG ratio of 2.66 and Beta of 1.46. Rockwell Automation, Inc. The 1-Year Low is $190.08 and the 1-Year High is $354.99. The company has a debt-to-equity ratio of 0.95, current ratio of 1.01 and 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.

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Rockwell Automation (NYSE: ROK – Receive Rating) last announced its quarterly earnings data on Wednesday, November 2. The industrial products company reported earnings per share of $3.04 for the quarter, a $0.09 increase over the consensus estimate of $2.95. 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-on-year basis. During the same period last year, the firm posted $2.33 EPS. As a group, equity analysts estimate Rockwell Automation, Inc. to post 10.71 EPS for the current year.

Rockwell Automation Raises Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12. A dividend of $1.18 per share will be paid to investors of record on Monday, November 14. This represents a $4.72 dividend and a yield of 1.78% on an annualized basis. The ex-dividend date is Thursday, November 10. This is an increase from Rockwell Automation’s last 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 happened on Wednesday, November 2. 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 happened on Wednesday, November 2. 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 addition, SVP Christopher Nardecchia sold 428 shares of the stock in a transaction that occurred on Monday, October 3. 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 Company stock, valued at approximately $1,767,801.42. Disclosure of this sale can be found here. Corporate insiders hold 0.68% of the company’s stock.

Wall Street analysts weigh in

Several brokerages have commented on ROK recently. Deutsche Bank Aktiengesellschaft raised its 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 13. Robert W. Baird raised his 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 raised its 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 3. Argus raised its 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 17. Finally, Barclays cut its 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 3. Three research analysts have a Sell rating on the company, six have a Hold rating and five have issued a Buy rating on 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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