Robert W. Baird analyst Richard Eastman maintained a Hold rating on Rockwell Automation (ROK) today and set a price target of $167.00. The company’s shares closed last Thursday at $173.26.
According to TipRanks.com, Eastman is a 5-star analyst with an average return of 14.9% and a 72.5% success rate. Eastman covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Digi International, and Trimble Navigation.
The word on The Street in general, suggests a Hold analyst consensus rating for Rockwell Automation with a $163.25 average price target, representing a -4.2% downside. In a report released yesterday, Rosenblatt Securities also maintained a Hold rating on the stock with a $155.00 price target.
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Rockwell Automation’s market cap is currently $19.5B and has a P/E ratio of 20.40. The company has a Price to Book ratio of -16.60.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROK in relation to earlier this year.
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Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the following segments: Architecture and Software, and Control Products and Solutions . The Architecture and Software segment contains hardware, software, and communication components of its integrated control and information architecture which are capable of controlling the customer’s industrial processes and connecting with their business enterprise. The Control Products and Solutions segment combines a portfolio of intelligent motor control and industrial control products, application expertise, and project management capabilities. The company was founded in 1928 and is headquartered in Milwaukee, WI.
