Watch Point Trust Co decreased its stake in Rockwell Automation, Inc. (NYSE:ROK) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,533 shares of the industrial products company’s stock after selling 455 shares during the period. Rockwell Automation comprises about 2.7% of Watch Point Trust Co’s investment portfolio, making the stock its 9th biggest position. Watch Point Trust Co’s holdings in Rockwell Automation were worth $2,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC increased its holdings in shares of Rockwell Automation by 166.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 799 shares of the industrial products company’s stock worth $129,000 after buying an additional 499 shares during the last quarter. Rockefeller Financial Services Inc. bought a new position in shares of Rockwell Automation in the 3rd quarter worth $143,000. Sun Life Financial INC increased its holdings in shares of Rockwell Automation by 8,490.9% in the 2nd quarter. Sun Life Financial INC now owns 945 shares of the industrial products company’s stock worth $153,000 after buying an additional 934 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Rockwell Automation in the 3rd quarter worth $186,000. Finally, Northstar Wealth Partners LLC bought a new position in shares of Rockwell Automation in the 3rd quarter worth $202,000. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rockwell Automation, Inc. (NYSE ROK) traded down $1.19 during trading on Monday, reaching $197.19. 237,761 shares of the company’s stock were exchanged, compared to its average volume of 724,088. The company has a market cap of $25,463.90, a price-to-earnings ratio of 30.15, a PEG ratio of 2.39 and a beta of 1.24. Rockwell Automation, Inc. has a 1-year low of $117.51 and a 1-year high of $210.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.76 and a current ratio of 2.03.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, November 10th. This is a positive change from Rockwell Automation’s previous quarterly dividend of $0.76. Rockwell Automation’s dividend payout ratio (DPR) is 49.03%.

Several research firms recently commented on ROK. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Rockwell Automation in a report on Friday, August 18th. HSBC Holdings plc lowered shares of Rockwell Automation from a “hold” rating to a “reduce” rating in a report on Thursday. BidaskClub lowered shares of Rockwell Automation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Tuesday, July 11th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $173.00 target price (up previously from $168.00) on shares of Rockwell Automation in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Rockwell Automation presently has a consensus rating of “Hold” and an average target price of $164.07.

In other news, insider Blake D. Moret sold 5,677 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $170.10, for a total value of $965,657.70. Following the completion of the sale, the insider now directly owns 21,426 shares of the company’s stock, valued at approximately $3,644,562.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Blake D. Moret sold 1,723 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $170.06, for a total transaction of $293,013.38. Following the completion of the sale, the insider now directly owns 22,849 shares of the company’s stock, valued at $3,885,700.94. The disclosure for this sale can be found here. In the last three months, insiders sold 10,400 shares of company stock worth $1,753,821. Insiders own 1.65% of the company’s stock.

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Rockwell Automation Company Profile

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

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