Rockwell Automation (ROK) Receives a Hold from Wells Fargo

Wells Fargo analyst Joe O’Dea maintained a Hold rating on Rockwell Automation today and set a price target of $355.00. The company’s shares opened today at $352.52.

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O’Dea covers the Industrials sector, focusing on stocks such as Allegion, Dover, and Honeywell International. According to TipRanks, O’Dea has an average return of 10.5% and a 61.09% success rate on recommended stocks.

Rockwell Automation has an analyst consensus of Moderate Buy, with a price target consensus of $359.80.

Based on Rockwell Automation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.14 billion and a net profit of $295 million. In comparison, last year the company earned a revenue of $2.05 billion and had a net profit of $232 million

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROK in relation to earlier this year.