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Rockwell Automation (ROK) Receives a Buy from Barclays

Tipranks - Tipranks - Thu Apr 2, 4:18AM CDT

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Rockwell Automation, with a price target of $400.00.

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According to TipRanks, Mitchell is a 5-star analyst with an average return of 13.8% and a 60.60% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Eaton, nVent Electric, and Regal Rexnord.

In addition to Barclays, Rockwell Automation also received a Buy from TipRanks – Google’s Google Industrial – Machinery in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Rockwell Automation (NYSE: ROK).

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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 $2.11 billion and a net profit of $305 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $184 million

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