Guggenheim Capital LLC Has $1.65 Million Stake in Rockwell Automation, Inc. (NYSE:ROK)

Guggenheim Capital LLC grew its position in shares of Rockwell Automation, Inc. (NYSE:ROKFree Report) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,608 shares of the industrial products company’s stock after buying an additional 202 shares during the quarter. Guggenheim Capital LLC’s holdings in Rockwell Automation were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ROK. Aspire Private Capital LLC acquired a new stake in Rockwell Automation in the 1st quarter worth approximately $11,444,550,000. New Hampshire Trust acquired a new stake in Rockwell Automation in the 4th quarter worth approximately $26,000. Clear Street Markets LLC acquired a new stake in Rockwell Automation in the 4th quarter worth approximately $30,000. Delta Asset Management LLC TN acquired a new stake in Rockwell Automation in the 4th quarter worth approximately $32,000. Finally, First Manhattan Co. lifted its holdings in Rockwell Automation by 150.0% in the 4th quarter. First Manhattan Co. now owns 125 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Price Performance

Shares of ROK stock opened at $312.08 on Friday. The stock’s fifty day simple moving average is $318.48 and its 200 day simple moving average is $298.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 0.76. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.09 and a beta of 1.43. Rockwell Automation, Inc. has a one year low of $209.27 and a one year high of $348.52.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $3.01 EPS for the quarter, missing the consensus estimate of $3.19 by ($0.18). The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.33 billion. Rockwell Automation had a net margin of 16.51% and a return on equity of 40.33%. Rockwell Automation’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.66 EPS. On average, analysts expect that Rockwell Automation, Inc. will post 11.95 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, August 11th. Rockwell Automation’s dividend payout ratio is 38.50%.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 293 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $296.57, for a total value of $86,895.01. Following the transaction, the vice president now owns 1,090 shares of the company’s stock, valued at $323,261.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Rockwell Automation news, VP Isaac Woods sold 293 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $296.57, for a total value of $86,895.01. Following the transaction, the vice president now owns 1,090 shares of the company’s stock, valued at $323,261.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Blake D. Moret sold 4,855 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $315.00, for a total value of $1,529,325.00. Following the completion of the transaction, the chief executive officer now directly owns 64,425 shares in the company, valued at approximately $20,293,875. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,693 shares of company stock valued at $4,558,687. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ROK has been the subject of several analyst reports. Morgan Stanley boosted their target price on Rockwell Automation from $340.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Wells Fargo & Company upgraded Rockwell Automation from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $290.00 to $317.00 in a report on Tuesday. They noted that the move was a valuation call. Wolfe Research raised Rockwell Automation from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 11th. Barclays downgraded Rockwell Automation from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $300.00 to $287.00 in a research report on Wednesday. Finally, Sanford C. Bernstein lifted their price target on Rockwell Automation from $250.00 to $290.00 in a research report on Thursday, May 11th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Rockwell Automation currently has a consensus rating of “Hold” and an average target price of $289.00.

Read Our Latest Stock Report on Rockwell Automation

Rockwell Automation Company Profile

(Free Report)

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.

Further Reading

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

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