Analyst Rating Update on Rockwell Automation (ROK)

Rockwell Automation (NYSE:ROK) : Zacks Investment Research ranks Rockwell Automation (NYSE:ROK) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 3.33, which indicates as a Hold.

Rockwell Automation (NYSE:ROK) : Average target price received by Rockwell Automation (NYSE:ROK) is $107.67 with an expected standard deviation of $10.82. The most aggressive target on the stock is $132, whereas the most downbeat target is $91. 12 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, FBR Capital initiates coverage on Rockwell Automation (NYSE:ROK). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm announces the price target at $105 per share. The rating by the firm was issued on May 11, 2016.

Rockwell Automation (NYSE:ROK): stock turned positive on Tuesday. Though the stock opened at $109.19, the bulls momentum made the stock top out at $110.35 level for the day. The stock recorded a low of $108.6 and closed the trading day at $109.86, in the green by 1.62%. The total traded volume for the day was 1,318,739. The stock had closed at $108.11 in the previous days trading.

In an insider trading activity,The (Sr. VP, Gen Counsel and Sec.) of Rockwell Automation Inc, Hagerman Douglas M sold 4,300 shares at $119.96 on June 23, 2016. The Insider selling transaction had a total value worth of $515,828. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Rockwell Automation, Inc. (Rockwell Automation), is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software, which deals in hardware, software and communication components of the organization, and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities. In the United States, Canada and certain other countries, the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries, the Company sells through a combination of its direct sales force.

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