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Rockwell Automation (ROK) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Tue Feb 24, 4:20AM CST

In a report released on February 19, 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 $395.38.

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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 63.47% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rockwell Automation with a $410.93 average price target, representing a 3.93% upside. In a report released on February 19, TD Cowen also maintained a Hold rating on the stock with a $350.00 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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