Calamos Wealth Management LLC bought a new stake in shares of Rockwell Automation Inc. (NYSE:ROK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,873 shares of the company’s stock, valued at approximately $1,593,000.
Several other large investors also recently added to or reduced their stakes in ROK. Adage Capital Partners GP L.L.C. acquired a new position in Rockwell Automation during the first quarter valued at about $42,824,000. PGGM Investments raised its position in Rockwell Automation by 67.3% in the second quarter. PGGM Investments now owns 716,358 shares of the company’s stock valued at $82,252,000 after buying an additional 288,050 shares during the period. Telemus Capital LLC acquired a new position in Rockwell Automation during the second quarter valued at about $201,000. ING Groep NV acquired a new position in Rockwell Automation during the first quarter valued at about $345,000. Finally, Legal & General Group Plc raised its position in Rockwell Automation by 4.2% in the first quarter. Legal & General Group Plc now owns 603,433 shares of the company’s stock valued at $68,641,000 after buying an additional 24,229 shares during the period. Institutional investors and hedge funds own 74.29% of the company’s stock.
Shares of Rockwell Automation Inc. (NYSE:ROK) traded down 1.02% during trading on Monday, hitting $114.59. 501,709 shares of the stock were exchanged. Rockwell Automation Inc. has a 52 week low of $87.53 and a 52 week high of $120.75. The stock has a market cap of $14.83 billion, a P/E ratio of 20.39 and a beta of 1.22. The firm’s 50 day moving average price is $117.01 and its 200-day moving average price is $115.06.
Rockwell Automation (NYSE:ROK) last issued its earnings results on Wednesday, July 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.09. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Rockwell Automation had a net margin of 12.54% and a return on equity of 35.83%. Rockwell Automation’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. On average, analysts predict that Rockwell Automation Inc. will post $5.90 EPS for the current year.
ROK has been the subject of several recent analyst reports. Barclays PLC dropped their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Wednesday, June 22nd. Citigroup Inc. dropped their price objective on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Finally, Canaccord Genuity lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a report on Tuesday, July 26th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $105.08.
In other Rockwell Automation news, Director William T. Jr/Wi Mccormick sold 686 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $117.03, for a total value of $80,282.58. Following the transaction, the director now directly owns 10,951 shares of the company’s stock, valued at $1,281,595.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Frank C. Kulaszewicz sold 9,267 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $118.11, for a total transaction of $1,094,525.37. Following the completion of the transaction, the senior vice president now directly owns 27,607 shares in the company, valued at $3,260,662.77. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.
About Rockwell Automation
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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