Analyst Andrew Obin from Bank of America Securities reiterated a Hold rating on Rockwell Automation (ROK – Research Report) and keeping the price target at $285.00.
Andrew Obin has given his Hold rating due to a combination of factors surrounding Rockwell Automation’s recent performance and future guidance. The company’s latest earnings report showed a positive surprise, beating both Bank of America’s and the consensus estimates. However, this was partly attributed to non-operating items, such as an accrual related to their Clearpath Robotics acquisition, which if excluded, would have resulted in a miss against the consensus expectations.
Despite these earnings results, Rockwell’s guidance for the fiscal year 2025 suggests relatively conservative expectations, with projected adjusted EPS and organic growth figures below what analysts anticipated. There is also uncertainty regarding the potential for internal process improvements under the new CFO’s leadership. Although Rockwell is poised for robust growth when economic conditions improve, the current guidance reflects limited expectations for macroeconomic enhancement in the near term. As a result, Andrew Obin maintains a Neutral stance, with a price objective of $285, indicating a cautious but watchful view on Rockwell’s stock performance.
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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.
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