Rockwell Automation Inc (ROK) Receives a Buy from Wells Fargo

By Carrie Williams

In a report released today, Rich Kwas from Wells Fargo maintained a Buy rating on Rockwell Automation Inc (ROKResearch Report). The company’s shares opened today at $182.61.

According to TipRanks.com, Kwas is a 4-star analyst with an average return of 11.5% and a 71.9% success rate. Kwas covers the Industrial Goods sector, focusing on stocks such as Lennox International, Magna International, and Tower International.

The word on The Street in general, suggests a Hold analyst consensus rating for Rockwell Automation Inc with a $176.88 average price target.

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Based on Rockwell Automation Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $80.2 million. In comparison, last year the company had a net profit of $227 million.

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Rockwell Automation, Inc. engages in the provision of industrial automation and information services. It operates through the Architecture and Software, and Control Products and Solutions segment.