Shares of Rockwell Automation Inc. (NYSE:ROK) traded today at $294.85, eclipsing its 52-week high. So far today approximately 188,000 shares have been exchanged, as compared to an average 30-day volume of 826,000 shares.
Over the past year, Rockwell Automation Inc. has traded in a range of $206.57 to $294.85 and is now at $292.59, 42% above that low.
Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments–intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with Schlumberger.
Based on a current price of $292.59, Rockwell Automation Inc. is currently 36.5% above its average consensus analyst price target of $185.92.
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