Rockwell Automation Receives Holds as Earnings Show Profit Growth
Bernstein reiterated a Hold on Rockwell Automation, setting a $514 price target, and D.A. Davidson’s Chris Dankert also issued a Hold, while Morgan Stanley kept a Buy. For the quarter ended June 30, Rockwell reported $2.31B revenue and $408M net profit, up from $2.14B and $295M a year earlier. Insider trading data showed increased selling, including a director sale.