Laurion Capital Management LP Increases Position in Rockwell Automation (NYSE:ROK)

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Laurion Capital Management LP lifted its position in shares of Rockwell Automation (NYSE:ROK) by 21.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,793 shares of the industrial products company’s stock after buying an additional 315 shares during the quarter. Laurion Capital Management LP’s holdings in Rockwell Automation were worth $298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROK. AdvisorNet Financial Inc raised its stake in Rockwell Automation by 262.2% during the second quarter. AdvisorNet Financial Inc now owns 670 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 485 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Rockwell Automation by 333.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 676 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 520 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Rockwell Automation during the first quarter worth about $139,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Rockwell Automation during the second quarter worth about $158,000. Finally, Gradient Investments LLC grew its holdings in shares of Rockwell Automation by 14,057.1% during the second quarter. Gradient Investments LLC now owns 991 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 984 shares during the last quarter. 76.68% of the stock is owned by institutional investors.

In other news, insider Theodore D. Crandall sold 5,533 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $187.34, for a total transaction of $1,036,552.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Susan Schmitt sold 4,500 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $175.02, for a total value of $787,590.00. Following the transaction, the vice president now owns 15,967 shares of the company’s stock, valued at approximately $2,794,544.34. The disclosure for this sale can be found here. Insiders sold a total of 11,433 shares of company stock valued at $2,086,894 in the last 90 days. Corporate insiders own 1.28% of the company’s stock.

Shares of NYSE:ROK traded up $2.19 during trading on Friday, reaching $172.79. 1,256,652 shares of the stock were exchanged, compared to its average volume of 1,044,202. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.01 and a beta of 1.21. Rockwell Automation has a 1-year low of $155.81 and a 1-year high of $210.72. The company has a quick ratio of 1.60, a current ratio of 1.93 and a debt-to-equity ratio of 0.85.

Rockwell Automation (NYSE:ROK) last released its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.12. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. Rockwell Automation had a return on equity of 48.24% and a net margin of 5.97%. Rockwell Automation’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. Equities research analysts anticipate that Rockwell Automation will post 8.01 earnings per share for the current fiscal year.

Rockwell Automation declared that its Board of Directors has approved a stock repurchase program on Thursday, September 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 4.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

ROK has been the topic of several research reports. Zacks Investment Research upgraded Rockwell Automation from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Wednesday, July 18th. ValuEngine upgraded Rockwell Automation from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Barclays reiterated a “hold” rating and issued a $176.00 target price on shares of Rockwell Automation in a report on Thursday, July 26th. Goldman Sachs Group cut Rockwell Automation from a “neutral” rating to a “sell” rating and set a $156.00 target price on the stock. in a report on Monday, July 16th. Finally, Credit Suisse Group assumed coverage on Rockwell Automation in a report on Friday. They issued an “underperform” rating and a $171.00 target price on the stock. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $184.92.

Rockwell Automation Profile

Rockwell Automation Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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

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