ROK this weeks stock to watch
This weeks stock to watch is ROK, Rockwell Automation.
Rockwell Automation, Inc. (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company's integrated control and information architecture capable of controlling the customer's industrial processes and connecting with their manufacturing enterprise. Architecture & Software has a portfolio of products, including Control platforms that perform multiple control disciplines and monitoring of applications, including discrete, batch and continuous process, drives control, motion control and machine safety control. The Control Products & Solutions segment portfolio includes low and medium voltage electro-mechanical and electronic motor starters, signaling devices, termination and protection devices, relays and timers.
Paying a healthy 1.99% dividend and on a technical breakout, ROK will be entering my long portfolio soon. Either by LEAPS (Long-term Equity Anticipation) options or by shares to collect the dividend this is a stock I have been watching for awhile. With a price target of around $230 ($227.90) and another buying opportunity at $190 keep this one on your list of new stocks to trade.
$ROK #rockwell #rok