Rockwell Automation (ROK) Gets a Buy Rating from Oppenheimer

Oppenheimer analyst Noah Kaye assigned a Buy rating to Rockwell Automation (ROK) today and set a price target of $282.00. The company’s shares closed last Monday at $260.85, close to its 52-week high of $268.91.

According to, Kaye is a 5-star analyst with an average return of 16.7% and a 65.1% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Johnson Controls, Dana Holding, and Caterpillar.

The word on The Street in general, suggests a Hold analyst consensus rating for Rockwell Automation with a $254.91 average price target.

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Rockwell Automation’s market cap is currently $30.3B and has a P/E ratio of 30.30. The company has a Price to Book ratio of -28.04.

Based on the recent corporate insider activity of 57 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.

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