Trading Report: Today, Markel Corp Buys 21,000 Shares of Rockwell Automation Inc. (ROK)

Today, Markel Corp Buys 21,000 Shares of Rockwell Automation Inc. (ROK)

Markel Corp raised its stake in Rockwell Automation Inc. (NYSE:ROK) by 35.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 79,800 shares of the company’s stock after buying an additional 21,000 shares during the period. Markel Corp owned approximately 0.06% of Rockwell Automation worth $9,763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Watch Point Trust Co boosted its stake in shares of Rockwell Automation by 5.5% in the second quarter. Watch Point Trust Co now owns 17,210 shares of the company’s stock worth $1,976,000 after buying an additional 900 shares in the last quarter. British Columbia Investment Management Corp boosted its stake in shares of Rockwell Automation by 3.6% in the second quarter. British Columbia Investment Management Corp now owns 63,931 shares of the company’s stock worth $7,341,000 after buying an additional 2,231 shares in the last quarter. Cohen Lawrence B boosted its stake in shares of Rockwell Automation by 17.3% in the second quarter. Cohen Lawrence B now owns 25,045 shares of the company’s stock worth $2,876,000 after buying an additional 3,700 shares in the last quarter. Moreno Evelyn V boosted its stake in shares of Rockwell Automation by 0.4% in the second quarter. Moreno Evelyn V now owns 42,953 shares of the company’s stock worth $4,932,000 after buying an additional 180 shares in the last quarter. Finally, Rosenbaum Jay D. boosted its stake in shares of Rockwell Automation by 18.1% in the second quarter. Rosenbaum Jay D. now owns 6,405 shares of the company’s stock worth $736,000 after buying an additional 980 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Rockwell Automation Inc. (NYSE:ROK) traded up 0.46% during trading on Friday, reaching $132.47. 69,032 shares of the company’s stock traded hands. Rockwell Automation Inc. has a 52-week low of $87.53 and a 52-week high of $133.68. The company’s 50 day moving average is $122.70 and its 200-day moving average is $117.96. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 23.83 and a beta of 1.00.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.03. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. Rockwell Automation had a net margin of 12.41% and a return on equity of 36.34%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. On average, analysts anticipate that Rockwell Automation Inc. will post $6.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 14th will be issued a $0.76 dividend. This is an increase from Rockwell Automation’s previous quarterly dividend of $0.73. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, November 9th. Rockwell Automation’s payout ratio is 54.58%.

A number of brokerages have commented on ROK. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Rockwell Automation in a research note on Saturday, November 12th. Barclays PLC cut their target price on shares of Rockwell Automation from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 28th. Citigroup Inc. cut their target price on shares of Rockwell Automation from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Berenberg Bank initiated coverage on shares of Rockwell Automation in a research note on Monday, October 3rd. They set a “sell” rating and a $110.00 target price for the company. Finally, Sanford C. Bernstein upgraded shares of Rockwell Automation from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $105.00 to $121.00 in a research note on Friday, September 30th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $109.83.

In other Rockwell Automation news, Director Keith D. Nosbusch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $132.55, for a total transaction of $6,627,500.00. Following the sale, the director now directly owns 389,896 shares of the company’s stock, valued at $51,680,714.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Steven W. Etzel sold 1,800 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $121.54, for a total transaction of $218,772.00. Following the sale, the vice president now directly owns 8,286 shares in the company, valued at $1,007,080.44. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.

Rockwell Automation Company Profile

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