Cowen & Co. Sticks to Their Hold Rating for Rockwell Automation Inc

By Austin Angelo

Cowen & Co. analyst Joseph Giordano reiterated a Hold rating on Rockwell Automation Inc (NYSE: ROK) on September 15 and set a price target of $140. The company’s shares closed on Friday at $173.73, close to its 52-week high of $174.18.

According to, Giordano is a 5-star analyst with an average return of 19.2% and a 83.8% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Roper Technologies.

Currently, the analyst consensus on Rockwell Automation Inc is Hold and the average price target is $150, representing a -13.7% downside.

In a report issued on September 5, Stifel Nicolaus also reiterated a Hold rating on the stock with a $161 price target.

Based on Rockwell Automation Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.6 billion and quarterly net profit of $217 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $191 million.

Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. Last month, David Dorgan, the VP & Controller of ROK sold 3,000 shares for a total of $495,150.

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Rockwell Automation, Inc. provides industrial automation power, control and information solutions. The company operates its business through the following segments: Architecture and Software, and Control Products and Solutions.