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Rockwell Automation Receives Holds as Earnings Show Profit Growth

Rockwell Automation logoRockwell Automation
Sig1.25Sen-1.20Env0.00Soc0.00Gov0.00

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.

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