Rockwell Automat Stock Price, News & Analysis

Rockwell Automation has launched LifecycleIQ Services, enhancing its service and solutions capabilities to drive innovation and sustainability. This new brand aims to improve customer engagement and productivity across industrial value chains. LifecycleIQ Services support digital transformation, cybersecurity, workforce development, and offer an Integrated Service Agreement for streamlined support. These initiatives were unveiled during the Automation Fair At Home event, showcasing Rockwell's commitment to helping companies optimize operations and achieve better outcomes.

Rockwell Automation (NYSE: ROK) has announced its agreement to acquire Fiix Inc., a privately-held, AI-driven computerized maintenance management system (CMMS) company based in Toronto. The acquisition aims to enhance Rockwell's software strategy and lifecycle services, providing a comprehensive view of integrated data for customers. Fiix reported a 70% revenue growth in 2019, with over 85% of its revenue being recurring. The transaction is set to close by the end of 2020, pending customary approvals.

Rockwell Automation (NYSE: ROK) is hosting its 29th annual Automation Fair® At Home from Nov. 16-20, primarily as a virtual event to ensure safety during the pandemic. Attendees can engage in over 175 educational sessions and explore more than 90 exhibits showcasing innovations in industrial automation and digital transformation. Notable keynote presentations will feature leaders from Rockwell Automation and various industry experts. Online registration is required for participation, and all events are free to attendees.

Rockwell Automation (NYSE: ROK) reported its fiscal 2020 Q4 results, showing a 9.3% decline in sales to $1.57 billion compared to Q4 2019. Despite lower year-over-year sales, net income rose to $262.7 million or $2.25 per share, attributed to fair-value adjustments. The Adjusted EPS was $1.87, down 7% year-over-year. For fiscal 2020, total sales decreased 5.5% to $6.33 billion, while net income increased to $1.02 billion or $8.77 per share. Looking ahead, the company forecasts 6%-9% sales growth and $8.07-$8.47 EPS for fiscal 2021.

Rockwell Automation has expanded its Kinetix line of servo drives with the launch of the Kinetix 5300. This integrated CIP Motion solution aims to enhance performance for global machine builders. The Kinetix 5300 works with new TLP motors to support various applications like electronics assembly and packaging, streamlining design and maintenance. The drives leverage Studio 5000 for simplified programming, which helps optimize machine performance over time. This move positions Rockwell Automation for growth in emerging markets in Asia and Europe while ensuring sustainability and productivity improvements.

Rockwell Automation (NYSE: ROK) will hold its annual investor meeting virtually on November 17 at 11:00 a.m. CT, coinciding with its Automation Fair at Home. The event will feature presentations from Blake Moret, Chairman and CEO, and Steve Etzel, CFO, followed by a live Q&A session. Interested parties can access the webcast on the Company's website at www.rockwellautomation.com. Rockwell Automation is a leader in industrial automation, dedicated to enhancing productivity and sustainability worldwide.

Rockwell Automation (NYSE: ROK) has declared a quarterly dividend of $1.07 per share, payable on December 10, 2020, to shareholders of record by November 16, 2020. This represents a 5% increase from the previous dividend, demonstrating the company's confidence in its cash generation capabilities. Over the last five fiscal years, Rockwell Automation has returned $5.7 billion to shareholders through dividends and share repurchases, highlighting its commitment to maximizing shareholder value while investing in further business development.

Rockwell Automation (NYSE: ROK) has announced new capabilities for its FactoryTalk InnovationSuite, enhancing digital transformation for industrial organizations. Following a strategic alliance with PTC, the suite now includes advanced IT/OT integration, simplified edge-to-cloud analytics, and a collaborative digital thread. These updates aim to support customers in optimizing operations and accelerating innovation despite current macroeconomic challenges. Since its launch in 2018, InnovationSuite has served over 250 new customers globally, helping industries like automotive and healthcare.

Rockwell Automation (NYSE: ROK) and PTC announced the expansion and early extension of their strategic alliance to enhance their digital transformation offerings. This collaboration aims to improve sales and product development while introducing PTC's software as a service and product lifecycle management solutions. The companies plan to leverage their resources and expertise to provide comprehensive digital solutions, including the FactoryTalk InnovationSuite, which integrates IIoT, analytics, and augmented reality, fostering operational efficiency for manufacturers.