Heathbridge Capital Management Ltd. lowered its stake in shares of Rockwell Automation (NYSE:ROK) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 159,760 shares of the industrial products company’s stock after selling 2,350 shares during the period. Rockwell Automation comprises about 5.7% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 14th largest position. Heathbridge Capital Management Ltd.’s holdings in Rockwell Automation were worth $26,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coastal Capital Group Inc. purchased a new position in shares of Rockwell Automation during the second quarter valued at about $25,000. Griffin Asset Management Inc. purchased a new position in shares of Rockwell Automation during the second quarter valued at about $26,000. Capital Advisors Ltd. LLC increased its position in shares of 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 position in shares of Rockwell Automation during the second quarter valued at about $31,000. Finally, Shine Investment Advisory Services Inc. increased its position in shares of 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. Institutional investors own 72.87% of the company’s stock.

Several equities analysts recently issued reports on the stock. Barclays reiterated a “hold” rating and set a $159.00 price target on shares of Rockwell Automation in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on shares of Rockwell Automation from $145.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Co cut shares of Rockwell Automation from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $185.00 to $165.00 in a research report on Monday, September 30th. Longbow Research reiterated a “hold” rating on shares of Rockwell Automation in a research report on Tuesday, September 17th. Finally, Morgan Stanley reduced their price target on shares of Rockwell Automation from $145.00 to $142.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Four investment 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. The stock presently has an average rating of “Hold” and an average price target of $171.36.

In related news, CEO Blake D. Moret sold 7,300 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $179.67, for a total transaction of $1,311,591.00. Following the transaction, the chief executive officer now owns 46,995 shares in the company, valued at $8,443,591.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Blake D. Moret sold 1,700 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $179.07, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

Shares of NYSE ROK traded down $0.23 during midday trading on Friday, hitting $177.82. The stock had a trading volume of 627,810 shares, compared to its average volume of 905,263. The business’s 50 day moving average is $167.75 and its 200-day moving average is $162.21. The company has a market cap of $21.28 billion, a P/E ratio of 21.93, a PEG ratio of 2.69 and a beta of 1.41. Rockwell Automation has a 52 week low of $141.46 and a 52 week high of $191.48. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, November 8th. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.97. Rockwell Automation’s dividend 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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