That sounds like Infinity Hammer but more so, and super useful for server admin - any idea what it's called?

You can't rotate them after spawning. They are fixed into place.

If it is a craftable item tho, just break it down and rebuild it yourself from the materials and place it wherever you like.

If you are spawning something like a raspberry bush, the best you can do is kinda/sorta face a certain direction, then spawn in the bush.

If you want precise placement then you need a mod. There's one that basically unlocks EVERY bit of game content (including all the critters) and lets you place them as build items. It's good because it works on a server and even if your other players don't have it they will still see everything because it's all native content. :)