Rockwell Automation (NYSE:ROK) Shares Sold by Watch Point Trust Co

Watch Point Trust Co cut its stake in shares of Rockwell Automation (NYSE:ROK) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,620 shares of the industrial products company’s stock after selling 281 shares during the quarter. Rockwell Automation comprises about 1.9% of Watch Point Trust Co’s investment portfolio, making the stock its 26th largest position. Watch Point Trust Co’s holdings in Rockwell Automation were worth $3,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Rockwell Automation by 0.6% during the first quarter. FMR LLC now owns 119,971 shares of the industrial products company’s stock worth $21,050,000 after purchasing an additional 709 shares during the last quarter. Neville Rodie & Shaw Inc. increased its position in Rockwell Automation by 4.0% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 4,100 shares of the industrial products company’s stock valued at $672,000 after buying an additional 159 shares in the last quarter. Swedbank increased its position in Rockwell Automation by 5.4% in the 2nd quarter. Swedbank now owns 1,044,529 shares of the industrial products company’s stock valued at $171,125,000 after buying an additional 53,294 shares in the last quarter. Ellenbecker Investment Group bought a new stake in Rockwell Automation in the 2nd quarter valued at about $392,000. Finally, Rockland Trust Co. increased its position in Rockwell Automation by 6.1% in the 2nd quarter. Rockland Trust Co. now owns 25,206 shares of the industrial products company’s stock valued at $4,129,000 after buying an additional 1,456 shares in the last quarter. 72.87% of the stock is currently owned by institutional investors and hedge funds.

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

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

ROK traded up $0.79 during midday trading on Friday, reaching $177.82. 617,137 shares of the company were exchanged, compared to its average volume of 905,263. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.17 and a current ratio of 1.51. The company’s fifty day moving average price is $167.75 and its 200 day moving average price is $162.21. The company 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 one year low of $141.46 and a one year high of $191.48.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 yield of 2.29%. The ex-dividend date of this dividend is Friday, November 8th. Rockwell Automation’s payout ratio is currently 47.84%.

About Rockwell Automation

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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