The IBD SmartSelect Composite Rating for Rockwell Automation stock increased from 93 to 96 Tuesday.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Rockwell Automation stock is currently forming a consolidation, with a 348.52 buy point. Look for the stock to break out in heavy trade at least 40% above average.
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The stock has a 90 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q3, the industrial automation solutions company posted 13% earnings-per-share growth. Sales growth fell to 14%, down from 26% in the prior quarter.
Rockwell Automation stock holds the No. 5 rank among its peers in the Electrical Power/Equipment industry group. nVent Electric is the No. 1-ranked stock within the group.
