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Wells Fargo Remains a Hold on Rockwell Automation (ROK)

Tipranks - Tipranks - Tue Feb 10, 4:50AM CST

In a report released on February 5, Joe O’Dea from Wells Fargo maintained a Hold rating on Rockwell Automation, with a price target of $410.00. The company’s shares closed last Friday at $406.70.

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O’Dea covers the Industrials sector, focusing on stocks such as Dover, Honeywell International, and Parker Hannifin. According to TipRanks, O’Dea has an average return of 12.0% and a 63.04% success rate on recommended stocks.

Rockwell Automation has an analyst consensus of Moderate Buy, with a price target consensus of $406.87, implying a 0.04% upside from current levels. In a report released on February 7, TipRanks – xAI also reiterated a Hold rating on the stock with a $448.00 price target.

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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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