In a report issued on February 19, Scott Graham from Rosenblatt Securities maintained a Hold rating on Rockwell Automation (ROK), with a price target of $240.00. The company’s shares closed last Wednesday at $247.16, close to its 52-week high of $268.91.
According to TipRanks.com, Graham is a 5-star analyst with an average return of 13.3% and a 70.7% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Thermon Group Holdings, and AO Smith.
Currently, the analyst consensus on Rockwell Automation is a Moderate Buy with an average price target of $260.45.
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Based on Rockwell Automation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.57 billion and net profit of $593 million. In comparison, last year the company earned revenue of $1.68 billion and had a net profit of $311 million.
Based on the recent corporate insider activity of 51 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. Earlier this month, Sujeet Chand, the Sr VP & Chief Tech. Officer of ROK sold 1,300 shares for a total of $322,478.
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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.