Rockwell Vs. Cognex: Which Automation Stock Is A Better Buy?

Automation stocks will be squarely in the spotlight in the years ahead. These companies will be one of the major beneficiaries of increased industrial activity and productivity.

Automation will lead to significantly lower production costs. They also enable facilities to be run at full capacity on a constant basis. Although it does lead to disruptive impacts on employment in the short term, the productivity gains will boost long-term prospects.

For investors, this is an opportunity. Rockwell Automation (ROK - Get Rating) and Cognex (CGNX) are two of the top automation stocks to consider adding to your portfolio.

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Rockwell Automation (ROK - Get Rating)

ROK specializes in industrial automation along with information solutions. ROK’s network stretches across 100 nations. However, half of the company’s aggregate sales are right here in the USA.

ROK has a B POWR Rating grade. The stock has an A Quality component grade along with a B Stability component grade. ROK has Cs in the Momentum and Sentiment components. Investors who would like to learn more about ROK’s performance in additional POWR Rating components such as Value and Growth can find out that information by clicking here.

Out of the 86 stocks in the Industrial – Machinery space, ROK is ranked 40th. This industry as a whole has an A POWR Rating grade. Click here to learn more about the stocks in this space.

The analysts are slightly bullish on ROK, setting an average target price of $274.90 for the stock. If ROK hits this target price, it will have popped by about 5%. The high target price for the stock is $313 while the low is $205. A total of 22 analysts have issued ROK recommendations. Exactly six of the analysts view ROK as a Strong Buy, three view it as a Buy, 11 view it as a Hold, one considers it a Sell, and one more considers it a Strong Sell.

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