Rockwell Automat Stock Price, News & Analysis

Rockwell Automation reported strong fiscal 2022 results, with total orders surpassing $10 billion, marking a 20% year-over-year increase. Q4 sales rose 17.6% to $2.126 billion, driven by a 20.5% organic sales boost. Diluted EPS for Q4 reached $2.91, a 300% increase year-over-year, while full-year diluted EPS was $7.97. The company expects fiscal 2023 sales growth between 7.5% and 11.5%, with diluted EPS guidance set at $9.54 to $10.34. Despite supply chain challenges, Rockwell is optimistic about its backlog and operational resilience.

Rockwell Automation (NYSE: ROK) has successfully acquired CUBIC, a provider of modular systems for electrical panels, enhancing its intelligent motor control capabilities. Founded in 1973, CUBIC operates in sectors like renewable energy and data centers from its base in Denmark. This acquisition allows Rockwell to leverage CUBIC’s advanced modular systems alongside its technology, aiming for faster market delivery and broader applications. It also facilitates market expansion into Asia, Europe, and Latin America.

The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) has declared a quarterly dividend of $1.18 per share, an increase from the previous $1.12. This dividend is payable on December 12, 2022, to shareholders of record by November 14, 2022. The decision reflects the company's strong operating performance and its commitment to returning value to shareholders.

Rockwell Automation, Inc. (NYSE: ROK) will announce its fourth quarter fiscal 2022 results on November 2, before market opening. The results will be accessible on the Investor Relations website. A conference call to discuss the findings is scheduled at 7:30 a.m. CDT on the same day, with audio webcast available. Interested participants can dial in using provided numbers. Presentation materials and a replay of the call will remain on the website until December 2.

Rockwell Automation (NYSE:ROK) has partnered with Cognite to enhance industrial data management through a new edge-to-cloud data hub. This collaboration aims to simplify access to manufacturing data, enabling real-time decision-making and effective workflow improvements. The offering combines Rockwell’s FactoryTalk® software with Cognite Data Fusion® to create a unified platform that helps manufacturers better manage their data without incurring excessive costs. This strategic move is expected to accelerate digital transformation across various industries.

Rockwell Automation has launched FactoryTalk® Design Hub™, a cloud-based solution aimed at enhancing collaboration and productivity for design teams in industrial automation. This innovative platform allows teams to access design tools remotely, thereby accelerating project timelines and reducing costs. The offering includes five core solutions: Design Studio, Optix, Twin Studio, Vault, and Remote Access, which together address collaboration, scalability, and productivity challenges.

Rockwell Automation (NYSE: ROK) is set to hold its annual investor meeting on November 16, coinciding with the Automation Fair at McCormick Place, Chicago. The public webcast will start at approximately 9:15 a.m. CST, featuring presentations by CEO Blake Moret and other executives. Investors can access the meeting via the Rockwell Automation Investor Relations website. Rockwell Automation, headquartered in Milwaukee, provides industrial automation solutions globally, employing around 25,000 people in over 100 countries.

Rockwell Automation (NYSE: ROK) has appointed Robin Saitz as the new Vice President and Chief Marketing Officer. Saitz, who reports to Scott Genereux, will lead global marketing initiatives for Rockwell’s extensive portfolio, focusing on demand generation and brand development. She previously held significant roles in the company following the acquisition of Plex Systems in September 2021. Saitz's engineering background and marketing expertise are expected to enhance Rockwell's market presence, particularly in key areas like digital transformation and sustainability.

Rockwell Automation (NYSE: ROK) has announced its acquisition of CUBIC, a modular systems provider for electrical panel construction, headquartered in Denmark. The acquisition aims to enhance Rockwell’s intelligent motor control offerings, targeting fast-growing sectors like renewable energy and data centers. CUBIC is projected to generate over $75 million in sales for the fiscal year 2022. The transaction is pending regulatory approval and is expected to finalize by the end of 2022. This strategic move is set to expand Rockwell's market reach in Asia, Europe, and Latin America.