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Rockwell Automation (ROK) Gets a Sell Rating from J.P. Morgan

In a report released yesterday, Stephen Tusa from J.P. Morgan maintained a Sell rating on Rockwell Automation (ROKResearch Report), with a price target of $170.00. The company’s shares closed last Thursday at $202.93, close to its 52-week low of $190.08.

According to TipRanks.com, Tusa is a 5-star analyst with an average return of 10.6% and a 63.7% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and John Bean Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Rockwell Automation with a $247.56 average price target, representing a 23.3% upside. In a report issued on June 24, Wolfe Research also maintained a Sell rating on the stock with a $203.00 price target.

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The company has a one-year high of $354.99 and a one-year low of $190.08. Currently, Rockwell Automation has an average volume of 1.06M.

Based on the recent corporate insider activity of 52 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Wisconsin-based Rockwell Automation, Inc. provides industrial automation and digital transformation. The company operates through three segments: Intelligent Devices, Software & Control, Lifecycle Services.

Read More on ROK:

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