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Rockwell Automation, Inc. - ROK STOCK NEWS

Welcome to our dedicated page for Rockwell Automation news (Ticker: ROK), a resource for investors and traders seeking the latest updates and insights on Rockwell Automation stock.

Rockwell Automation, Inc. (NYSE: ROK) is a leading American provider of industrial automation solutions, dedicated to enhancing productivity and sustainability. The company's renowned brands include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services. As a pure-play automation competitor, Rockwell Automation develops hardware and software products alongside comprehensive services aimed at optimizing industrial operations.

Tracing its roots back to Rockwell International, Rockwell Automation emerged as an independent entity following the spin-off of Rockwell Collins in 2001. The company operates through three primary segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment encompasses drives, sensors, and industrial components, while the Software and Control segment focuses on information, network, and security software. The Lifecycle Services segment offers consulting, maintenance services, and includes Rockwell's joint venture with SLB, Sensia.

Rockwell Automation has been at the forefront of industrial advancements for over 120 years, driving efficiency and innovation across various sectors. The company's holistic strategy emphasizes sustainability, underscoring its commitment to environmental stewardship and resource optimization. Recent notable achievements include an agreement with 1PointFive to purchase carbon dioxide removal (CDR) credits from a Direct Air Capture (DAC) facility in Texas, reflecting Rockwell Automation's goal of achieving net-zero carbon neutrality by 2030.

In collaboration with 1PointFive, Rockwell Automation supports technologies that advance sustainability objectives by providing practical, transparent, and durable carbon removal solutions. This partnership is a testament to Rockwell's dedication to connecting technology with human potential to build a more connected, productive, and sustainable world.

Additionally, Rockwell Automation has partnered with ISAP India Foundation to modernize dairy farming in the water-scarce region of Antargaon, Maharashtra. This corporate social responsibility (CSR) project leverages innovative technologies and digital solutions to enhance livestock development, resulting in increased milk production and improved livelihoods for local farmers.

Rockwell Automation continues to set industry standards through its cutting-edge solutions and unwavering focus on sustainability and social impact, making it a pivotal player in the global industrial automation landscape.

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Rockwell Automation (NYSE:ROK), the world's largest industrial automation and digital transformation company, has announced Christian Rothe as its new senior vice president and chief financial officer, effective August 19. Rothe brings extensive experience from his 13-year tenure at Graco Inc., where he served as CFO and treasurer before leading global business divisions. He replaces Nick Gangestad, who is retiring after joining Rockwell in 2021.

CEO Blake Moret expressed confidence in Rothe's ability to accelerate the company's growth and margin expansion plans. Rothe, excited about joining Rockwell, highlighted the company's role in shaping the future of industrial operations worldwide. He will be based at Rockwell's global headquarters in Milwaukee, WI.

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Rockwell Automation (NYSE: ROK) announced the success of its model predictive control solution in aiding Compagnie des Ciments Belges SA (CCB), part of Cementir Holding, in its sustainability efforts. This solution forms a key part of CCB’s 10-year roadmap to cut CO2 emissions by 2030. The program includes fossil fuel replacement, low-carbon cement development, and digitalization of manufacturing and maintenance processes. Over two months, the solution reduced energy consumption by 6% and boosted production rates by 8.5%, both exceeding targets.

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On June 25, 2024, French renewable energy startup Sweetch Energy announced a partnership with Rockwell Automation (NYSE:ROK) to scale its innovative osmotic power generation technology. This zero-carbon technology, based on the natural salinity difference between freshwater and seawater, will be optimized using Rockwell's process control and visualization platform. The first demonstrator plant will be established at Barcarin lock in Port-Saint-Louis-du-Rhône, France.

Sweetch Energy plans to deploy multiple osmotic stations at the Rhône's mouth, aiming for up to 500 MW of carbon-free electricity, sufficient to power over 1.5 million people. This approach leverages environmentally friendly bio-sourced materials and produces no chemical waste, making it a sustainable and continuous energy source.

Rockwell's global expertise in process control and sustainability will assist in automating and optimizing these scalable, modular installations, supporting Sweetch Energy's international rollout of this innovative technology.

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Rockwell Automation (NYSE: ROK) is partnering with Sherwin-Williams General Industrial to introduce Powdura® ECO, a powder paint featuring key sustainability attributes. This paint uses resins containing up to 25% post-consumer recycled plastic, reducing carbon emissions and promoting a circular economy. During the second half of FY24, Rockwell will switch most of its North American painted products, which represent over half of its global usage, to Powdura ECO. This transition aims to divert 4.1 million water bottles from landfills annually and save 1,232 tons of CO2 over a decade based on projected sales.

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Rockwell Automation (NYSE:ROK) has announced a quarterly dividend of $1.25 per share on its common stock.

This dividend is scheduled for payment on September 10, 2024, to shareholders of record as of August 12, 2024.

The decision follows a regular review by the Board of Directors, underscoring the company's commitment to returning value to its shareholders.

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Rockwell Automation is expanding its collaboration with NVIDIA to further develop intelligent automation and mobile robotics in manufacturing logistics. This partnership aims to enhance autonomous mobile robots (AMRs) using NVIDIA's AI technologies. OTTO Motors, a division of Rockwell, will leverage NVIDIA's Isaac robotics platform to improve efficiency and performance in industrial settings. Additionally, Rockwell is integrating NVIDIA Omniverse Cloud APIs with its Emulate3D software to facilitate data interoperability, live collaboration, and advanced graphics for digital twins of production systems. According to Rockwell's 'State of Smart Manufacturing Report,' 83% of manufacturers plan to use AI in 2024, highlighting the significance of this collaboration for future industrial advancements.

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Rockwell Automation will be participating in the Wells Fargo Industrials Conference on June 11, 2024, in Chicago. Senior VP Tessa Myers and VP Aijana Zellner will represent the company. The event includes a webcast fireside chat starting at 11:00 a.m. CDT, accessible via Rockwell Automation's Investor Relations website.

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Rockwell Automation (ROK), RUC Mining, and Energy Power Systems Australia (EPSA) have introduced a regenerative energy storage solution for mine hoists. These hoists act similarly to industrial elevators, requiring minimal energy to lower but substantial energy to raise. The new system collects and reuses energy as the hoist lowers, then powers the ascent, enabling the hoists to operate solely on stored energy. Over 24 months, the system is expected to save approximately 1,427 kilolitres of diesel, reduce CO2 output by 3.85 tonnes, and cut greenhouse gas emissions by 42%. Additional benefits include lower operating costs, reduced plant operating hours and maintenance, and increased power system redundancy.

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Rockwell Automation, Inc. (NYSE: ROK) reported second-quarter fiscal 2024 results with a 6.6% decrease in sales year over year. Diluted EPS was $2.31, and adjusted EPS was $2.50, both down year over year. The company updated its fiscal 2024 guidance for sales and EPS. Total ARR grew 20%, but organic sales were down 8.1% year over year. Nicholas Gangestad, CFO, announced upcoming retirement.

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Rockwell Automation has partnered with Mahindra University to develop a 'Climate Solutions' course to equip students with sustainability best practices. The collaboration includes a hands-on climate solutions laboratory and joint research efforts. The goal is to prepare the future workforce with expertise in addressing sustainability challenges.

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FAQ

What does Rockwell Automation, Inc. do?

Rockwell Automation, Inc. provides industrial automation solutions, including hardware and software products, and services through its brands like Allen-Bradley and FactoryTalk.

What are the main segments of Rockwell Automation?

Rockwell Automation operates through three segments: Intelligent Devices, Software and Control, and Lifecycle Services.

When did Rockwell Automation become an independent entity?

Rockwell Automation became an independent entity in 2001 following the spin-off of Rockwell Collins.

What is Rockwell Automation's stance on sustainability?

Rockwell Automation is committed to environmental stewardship, aiming for net-zero carbon neutrality by 2030 and supporting technologies that advance sustainability goals.

What recent partnerships has Rockwell Automation announced?

Rockwell Automation recently partnered with 1PointFive to purchase carbon dioxide removal credits and with ISAP India Foundation to enhance dairy farming in Maharashtra, India.

What is the significance of the agreement with 1PointFive?

The agreement with 1PointFive involves purchasing CDR credits from a DAC facility, supporting Rockwell's sustainability strategy to achieve net-zero carbon by 2030.

How does Rockwell Automation help improve dairy farming in India?

Rockwell Automation collaborates with ISAP India Foundation and eVerse.AI to modernize dairy farming in Maharashtra, using innovative technologies to increase milk production and improve farmer livelihoods.

What brands are associated with Rockwell Automation?

Key brands under Rockwell Automation include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services.

What is the role of the Sensia JV in Rockwell Automation?

The Sensia JV with SLB focuses on providing consulting and maintenance services as part of Rockwell's Lifecycle Services segment.

How long has Rockwell Automation been in the industrial automation industry?

Rockwell Automation has been a leader in the industrial automation industry for over 120 years, continuously driving efficiency and innovation.

Rockwell Automation, Inc.

NYSE:ROK

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ROK Stock Data

30.75B
114.00M
0.22%
83.84%
2.51%
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