Wells Fargo analyst Joe O’Dea maintained a Buy rating on Rockwell Automation (ROK – Research Report) today and set a price target of $320.00. The company’s shares closed last Friday at $279.24.
According to TipRanks, O’Dea is a 5-star analyst with an average return of 10.3% and a 60.10% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Acuity Brands, and Eaton.
Currently, the analyst consensus on Rockwell Automation is a Hold with an average price target of $290.40.
The company has a one-year high of $343.92 and a one-year low of $249.85. Currently, Rockwell Automation has an average volume of 1.08M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ROK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Rockwell Automation (ROK) Company Description:
Wisconsin-based Rockwell Automation, Inc. provides industrial automation and digital transformation. The company operates through three segments: Intelligent Devices, Software & Control, Lifecycle Services.
Read More on ROK:
- Rockwell Automation names short-term sell idea at Deutsche Bank
- Rockwell Automation price target lowered to $265 from $269 at Barclays
- JPMorgan keeps negative view on Rockwell Automation after presentation
- Rockwell sees FY results around low end of current guidance for EPS, sales
- Rockwell Automation to increase scope of AI in manufacturing with Nvidia
