Guggenheim Capital LLC Sells 243 Shares of Rockwell Automation, Inc. (NYSE:ROK)

Posted by Defense World Staff on Mar 7th, 2023

Guggenheim Capital LLC lowered its position in Rockwell Automation, Inc. (NYSE:ROK – Get Rating) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,449 shares of the industrial products company’s stock after selling 243 shares during the period. Guggenheim Capital LLC’s holdings in Rockwell Automation were worth $1,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $29,000. BDO Wealth Advisors LLC increased its holdings in shares of Rockwell Automation by 103.8% in the third quarter. BDO Wealth Advisors LLC now owns 163 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 83 shares in the last quarter. Money Concepts Capital Corp increased its holdings in shares of Rockwell Automation by 1,445.5% in the third quarter. Money Concepts Capital Corp now owns 170 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 159 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Rockwell Automation in the second quarter valued at approximately $39,000. Finally, Asset Dedication LLC acquired a new stake in shares of Rockwell Automation in the third quarter valued at approximately $43,000. Institutional investors own 77.66% of the company’s stock.

Rockwell Automation Trading Up 1.0 %

ROK opened at $305.56 on Tuesday. The stock has a market capitalization of $35.07 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.79 and a beta of 1.44. Rockwell Automation, Inc. has a 12 month low of $190.08 and a 12 month high of $307.28. The firm’s fifty day simple moving average is $281.67 and its 200 day simple moving average is $258.71. The company has a current ratio of 1.03, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90.

Rockwell Automation (NYSE:ROK – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $1.81 by $0.65. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Rockwell Automation had a net margin of 13.63% and a return on equity of 38.70%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 EPS. As a group, research analysts anticipate that Rockwell Automation, Inc. will post 11.18 EPS for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be given a dividend of $1.18 per share. The ex-dividend date of this dividend is Friday, February 17th. This represents a $4.72 annualized dividend and a yield of 1.54%. Rockwell Automation’s dividend payout ratio (DPR) is presently 51.14%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Rockwell Automation from $285.00 to $292.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Cowen lifted their target price on shares of Rockwell Automation from $200.00 to $220.00 and gave the stock an “underperform” rating in a report on Monday, January 30th. Barclays lifted their target price on shares of Rockwell Automation from $220.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, January 27th. The Goldman Sachs Group lifted their target price on shares of Rockwell Automation from $238.00 to $272.00 and gave the stock a “sell” rating in a report on Friday, January 27th. Finally, Wells Fargo & Company lifted their target price on shares of Rockwell Automation from $233.00 to $249.00 and gave the stock an “underweight” rating in a report on Thursday, January 19th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $263.24.

Insiders Place Their Bets

In other Rockwell Automation news, CEO Blake D. Moret sold 8,867 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $256.61, for a total transaction of $2,275,360.87. Following the sale, the chief executive officer now directly owns 64,699 shares of the company’s stock, valued at approximately $16,602,410.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Rockwell Automation news, SVP Christopher Nardecchia sold 1,279 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $256.55, for a total transaction of $328,127.45. Following the sale, the senior vice president now directly owns 8,177 shares of the company’s stock, valued at approximately $2,097,809.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Blake D. Moret sold 8,867 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $256.61, for a total transaction of $2,275,360.87. Following the completion of the sale, the chief executive officer now directly owns 64,699 shares in the company, valued at $16,602,410.39. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock valued at $6,375,796 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

Rockwell Automation Profile

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Rockwell Automation, Inc engages in the provision of industrial automation and information services. It operates through the following segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment combines a comprehensive portfolio of smart products that create the foundation of an agile, resilient, and sustainable production system.