Watch for Continued Gains in Shares of Rockwell Automation Inc. (ROK)

July 16, 2021 11:00:23

Rockwell Automation Inc. (NYSE:ROK) traded today at a new 52-week high of $295.71. This new high was reached on below average trading volume as 149,000 shares traded hands, while the average 30-day volume is approximately 816,000 shares.

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.

Rockwell Automation Inc. share prices have moved between a 52-week high of $295.71 and a 52-week low of $206.57 and are now trading 42% above that low price at $294.31 per share.

Rockwell Automation Inc. (NYSE:ROK) is currently priced 35.9% above its average consensus analyst price target of $188.55.

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