Oppenheimer Sticks to Their Buy Rating for Rockwell Automation (ROK)

Oppenheimer analyst Noah Kaye maintained a Buy rating on Rockwell Automation (ROK – Research Report) today and set a price target of $300.00. The company’s shares closed yesterday at $280.08.

According to TipRanks, Kaye is a 5-star analyst with an average return of 14.8% and a 65.59% success rate. Kaye covers the Industrials sector, focusing on stocks such as Vertiv Holdings, Rockwell Automation, and Johnson Controls.

In addition to Oppenheimer, Rockwell Automation also received a Buy from Wells Fargo’s Joe O’Dea in a report issued today. However, on the same day, Barclays assigned a Sell rating to Rockwell Automation (NYSE: ROK).

ROK market cap is currently $31.4B and has a P/E ratio of 33.59.

Based on the recent corporate insider activity of 55 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. Earlier this month, Christian Rothe, the SVP & CFO of ROK bought 7,273.00 shares for a total of $2,000,841.90.

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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.