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Barclays Reaffirms Their Buy Rating on Rockwell Automation (ROK)

Tipranks - Sat Feb 7, 3:30AM CST

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Rockwell Automation, with a price target of $450.00.

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According to TipRanks, Mitchell is a 5-star analyst with an average return of 14.1% and a 66.87% success rate. Mitchell covers the Industrials sector, focusing on stocks such as GE Vernova Inc., Rockwell Automation, and Parker Hannifin.

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

Based on Rockwell Automation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.32 billion and a net profit of $138 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $239.1 million

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