Wells Fargo Remains a Buy on Rockwell Automation (ROK)

In a report released yesterday, Joe O’Dea from Wells Fargo maintained a Buy rating on Rockwell Automation (ROK – Research Report), with a price target of $320.00. The company’s shares closed last Friday at $269.96.

According to TipRanks, O’Dea is a 4-star analyst with an average return of 7.7% and a 56.59% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Eaton, and Lennox International.

Rockwell Automation has an analyst consensus of Hold, with a price target consensus of $289.20, which is a 7.13% upside from current levels. In a report released on April 8, Citi also maintained a Buy rating on the stock with a $322.00 price target.

The company has a one-year high of $343.92 and a one-year low of $249.85. Currently, Rockwell Automation has an average volume of 1.14M.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ROK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rockwell Automation (ROK) Company Description:

Wisconsin-based Rockwell Automation, Inc. provides industrial automation and digital transformation. The company operates through three segments: Intelligent Devices, Software & Control, Lifecycle Services.