Calamos Advisors LLC Raises Stake in Rockwell Automation, Inc. (NYSE:ROK)

Calamos Advisors LLC boosted its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,294 shares of the industrial products company’s stock after buying an additional 435 shares during the quarter. Calamos Advisors LLC owned 0.05% of Rockwell Automation worth $16,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Rockwell Automation during the 4th quarter worth about $227,000. Atria Wealth Solutions Inc. raised its position in Rockwell Automation by 1.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,995 shares of the industrial products company’s stock valued at $2,482,000 after acquiring an additional 77 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Rockwell Automation by 2.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,783 shares of the industrial products company’s stock valued at $864,000 after acquiring an additional 55 shares in the last quarter. Syon Capital LLC lifted its holdings in Rockwell Automation by 24.1% in the fourth quarter. Syon Capital LLC now owns 923 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 179 shares during the period. Finally, Cedar Point Capital Partners LLC purchased a new stake in Rockwell Automation in the 4th quarter worth approximately $460,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Rockwell Automation Stock Performance

NYSE ROK opened at $270.98 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.11. The stock’s fifty day moving average is $266.52 and its two-hundred day moving average is $272.57. The firm has a market capitalization of $30.89 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 4.71 and a beta of 1.37. Rockwell Automation, Inc. has a fifty-two week low of $242.81 and a fifty-two week high of $317.74.

Rockwell Automation (NYSE:ROK) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.63. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company posted $3.01 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. On average, research analysts anticipate that Rockwell Automation, Inc. will post 10.07 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be given a $1.25 dividend. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 1.85%. Rockwell Automation’s dividend payout ratio is currently 48.88%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROK. Bank of America decreased their target price on shares of Rockwell Automation from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Loop Capital lowered their target price on shares of Rockwell Automation from $300.00 to $290.00 and set a “hold” rating on the stock in a research note on Tuesday, May 14th. Wells Fargo & Company cut their price target on Rockwell Automation from $305.00 to $293.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Citigroup lowered their price target on Rockwell Automation from $322.00 to $316.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Barclays cut their target price on shares of Rockwell Automation from $250.00 to $245.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $280.14.

Insider Buying and Selling at Rockwell Automation

In other news, SVP Cyril Perducat sold 659 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $260.11, for a total value of $171,412.49. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,204,309.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Rockwell Automation news, VP Isaac Woods sold 297 shares of Rockwell Automation stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $256.38, for a total value of $76,144.86. Following the completion of the transaction, the vice president now directly owns 1,833 shares of the company’s stock, valued at approximately $469,944.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Cyril Perducat sold 659 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the sale, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders have sold 1,732 shares of company stock valued at $445,133 over the last 90 days. 0.68% of the stock is owned by insiders.

About Rockwell Automation

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.