Rockwell Automation, Inc. $ROK is Eisler Capital Management Ltd.'s 4th Largest Position

Key Points

• Eisler Capital Management Ltd. has increased its stake in Rockwell Automation by 71.5%, making it the fund's 4th largest position at a valuation of approximately $26.8 million.
• Wall Street analysts have a generally positive outlook on Rockwell Automation, with a mixture of ratings: one "Strong Buy," eleven "Buy," six "Hold," and one "Sell," and a consensus target price of $340.16.
• Rockwell Automation reported strong quarterly earnings, with $2.82 EPS beating estimates, and announced a quarterly dividend of $1.31 scheduled for September 10th.

Eisler Capital Management Ltd. increased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 71.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,713 shares of the industrial products company's stock after buying an additional 43,246 shares during the period. Rockwell Automation comprises about 0.2% of Eisler Capital Management Ltd.'s holdings, making the stock its 4th biggest position. Eisler Capital Management Ltd. owned about 0.09% of Rockwell Automation worth $26,797,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the business. Bank Pictet & Cie Europe AG increased its stake in shares of Rockwell Automation by 0.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,195 shares of the industrial products company's stock worth $1,199,000 after purchasing an additional 38 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Rockwell Automation by 0.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,652 shares of the industrial products company's stock worth $1,462,000 after purchasing an additional 43 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Rockwell Automation by 0.6% in the first quarter. Wealthfront Advisers LLC now owns 7,708 shares of the industrial products company's stock worth $1,992,000 after purchasing an additional 43 shares in the last quarter. Kelly Financial Services LLC grew its stake in Rockwell Automation by 4.4% during the first quarter. Kelly Financial Services LLC now owns 1,096 shares of the industrial products company's stock valued at $283,000 after acquiring an additional 46 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in Rockwell Automation by 1.1% during the first quarter. Koshinski Asset Management Inc. now owns 4,097 shares of the industrial products company's stock valued at $1,059,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ROK shares. KeyCorp boosted their price objective on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Stephens reaffirmed an "overweight" rating and set a $375.00 price objective (up previously from $350.00) on shares of Rockwell Automation in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Rockwell Automation from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. TD Cowen raised shares of Rockwell Automation from a "sell" rating to a "hold" rating and set a $275.00 price objective for the company in a research note on Friday, May 9th. Finally, Barclays boosted their price objective on shares of Rockwell Automation from $357.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $340.16.

Rockwell Automation Trading Up 1.9%

Shares of Rockwell Automation stock opened at $356.60 on Wednesday. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92. The firm has a market cap of $40.09 billion, a PE ratio of 41.85, a PEG ratio of 3.60 and a beta of 1.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.72. The company has a 50 day simple moving average of $342.37 and a two-hundred day simple moving average of $299.82.

Rockwell Automation (NYSE:ROK - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the business posted $2.71 earnings per share. Rockwell Automation's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th will be issued a $1.31 dividend. This represents a $5.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Rockwell Automation's payout ratio is presently 61.50%.

Insider Transactions at Rockwell Automation

In other news, SVP Matthew W. Fordenwalt sold 289 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.33, for a total value of $94,309.37. Following the completion of the sale, the senior vice president directly owned 3,196 shares in the company, valued at approximately $1,042,950.68. The trade was a 8.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Terry L. Riesterer sold 269 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $355.26, for a total transaction of $95,564.94. Following the completion of the sale, the vice president owned 1,613 shares of the company's stock, valued at approximately $573,034.38. The trade was a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,818 shares of company stock worth $3,012,888. Corporate insiders own 0.68% of the company's stock.

Rockwell Automation Company Profile

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.

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