Watch Point Trust Co Sells 281 Shares of Rockwell Automation (NYSE:ROK)

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Watch Point Trust Co lessened its position in Rockwell Automation (NYSE:ROK) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 21,620 shares of the industrial products company’s stock after selling 281 shares during the period. Rockwell Automation comprises 1.9% of Watch Point Trust Co’s holdings, making the stock its 26th biggest holding. Watch Point Trust Co’s holdings in Rockwell Automation were worth $3,563,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new position in Rockwell Automation in the second quarter valued at $25,000. Griffin Asset Management Inc. purchased a new stake in Rockwell Automation during the second quarter valued at about $26,000. Capital Advisors Ltd. LLC boosted its position in Rockwell Automation by 426.5% during the second quarter. Capital Advisors Ltd. LLC now owns 179 shares of the industrial products company’s stock valued at $29,000 after buying an additional 145 shares during the period. River & Mercantile Asset Management LLP purchased a new stake in Rockwell Automation during the second quarter valued at about $31,000. Finally, Shine Investment Advisory Services Inc. boosted its position in Rockwell Automation by 112.9% during the third quarter. Shine Investment Advisory Services Inc. now owns 198 shares of the industrial products company’s stock valued at $33,000 after buying an additional 105 shares during the period. 72.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rockwell Automation stock traded up $0.79 during trading on Friday, reaching $177.82. 617,137 shares of the stock were exchanged, compared to its average volume of 905,263. The company has a quick ratio of 1.17, a current ratio of 1.51 and a debt-to-equity ratio of 1.68. The stock’s fifty day moving average is $167.75 and its 200 day moving average is $162.21. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.41. Rockwell Automation has a 1 year low of $141.46 and a 1 year high of $191.48.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.02 per share. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, November 8th. Rockwell Automation’s dividend payout ratio is currently 47.84%.

In other Rockwell Automation news, CEO Blake D. Moret sold 1,700 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $179.07, for a total value of $304,419.00. Following the completion of the sale, the chief executive officer now directly owns 41,395 shares in the company, valued at $7,412,602.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Blake D. Moret sold 7,300 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $179.67, for a total transaction of $1,311,591.00. Following the completion of the sale, the chief executive officer now owns 46,995 shares of the company’s stock, valued at $8,443,591.65. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

Several analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Co lowered shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and cut their price target for the company from $185.00 to $165.00 in a research report on Monday, September 30th. ValuEngine upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research lowered shares of Rockwell Automation from a “hold” rating to a “sell” rating and set a $177.00 price target for the company. in a research report on Wednesday, October 16th. Finally, Gordon Haskett lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $171.36.

Rockwell Automation Company Profile

Rockwell Automation, Inc provides industrial automation and information solutions worldwide. It operates in two segments, Architecture & Software; and Control Products & Solutions. The Architecture & Software segment provides control platforms, including controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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