Calamos Wealth Management LLC Takes Position in Rockwell Automation, Inc. $ROK

Calamos Wealth Management LLC bought a new stake in Rockwell Automation, Inc. (NYSE:ROK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,269 shares of the industrial products company’s stock, valued at approximately $422,000.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Rockwell Automation by 11.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,819,379 shares of the industrial products company’s stock worth $470,091,000 after acquiring an additional 191,370 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rockwell Automation by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,579,956 shares of the industrial products company’s stock worth $408,229,000 after acquiring an additional 9,920 shares during the last quarter. Invesco Ltd. boosted its position in Rockwell Automation by 2.2% during the first quarter. Invesco Ltd. now owns 1,448,160 shares of the industrial products company’s stock worth $374,176,000 after acquiring an additional 30,837 shares during the last quarter. Northern Trust Corp boosted its position in Rockwell Automation by 0.4% during the first quarter. Northern Trust Corp now owns 1,396,303 shares of the industrial products company’s stock worth $360,777,000 after acquiring an additional 4,972 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Rockwell Automation by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,170,010 shares of the industrial products company’s stock worth $302,307,000 after acquiring an additional 11,849 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Rockwell Automation

In other Rockwell Automation news, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the completion of the sale, the chief executive officer directly owned 83,873 shares in the company, valued at $29,366,453.49. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cyril Perducat sold 1,435 shares of Rockwell Automation stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $348.08, for a total transaction of $499,494.80. Following the sale, the senior vice president owned 3,787 shares of the company’s stock, valued at approximately $1,318,178.96. This represents a 27.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,553 shares of company stock valued at $10,361,079 in the last ninety days. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Rockwell Automation in a research report on Thursday, October 9th. Oppenheimer boosted their price target on shares of Rockwell Automation from $363.00 to $365.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Stephens restated an “overweight” rating and set a $375.00 price target (up from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Bank of America raised shares of Rockwell Automation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $360.00 to $410.00 in a research note on Wednesday, July 16th. Finally, CICC Research assumed coverage on shares of Rockwell Automation in a research note on Monday, July 7th. They set an “outperform” rating and a $381.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $347.94.

Rockwell Automation Price Performance

Shares of ROK stock opened at $347.19 on Monday. 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 firm’s 50-day moving average is $344.56 and its two-hundred day moving average is $318.22. Rockwell Automation, Inc. has a 12 month low of $215.00 and a 12 month high of $360.92. The company has a market capitalization of $39.03 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 3.12 and a beta of 1.41.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.07 billion. During the same period last year, the business earned $2.71 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

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.