NEW YORK (

TheStreet

) --

Rockwell Automation Incorporated

(NYSE:

ROK

) hit a new 52-week high Tuesday as it is currently trading at $98, above its previous 52-week high of $97.75 with 458,720 shares traded as of 10:37 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Rockwell Automation has a market cap of $13.5 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 27.6% year to date as of the close of trading on Monday.

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Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. The company operates in two segments, Architecture & Software, and Control Products & Solutions. The company has a P/E ratio of 26.8, above the average industrial industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Rockwell Automation as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Rockwell Automation Ratings Report

.

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