Welcome to our dedicated page for Rockwell Automat news (Ticker: ROK), a resource for investors and traders seeking the latest updates and insights on Rockwell Automat stock.
Rockwell Automation reports developments in industrial automation and digital transformation, including factory-floor control products, smart manufacturing software, and lifecycle services for industrial customers.
Recurring news covers quarterly results and guidance, dividend declarations, board and governance updates, investor conference appearances, and customer or partner deployments involving PlantPAx, Plex Smart Manufacturing Platform, and other automation technologies. Company updates also describe applications in refrigeration optimization, food production, warehouse automation, data centers, semiconductors, energy, cybersecurity, remote monitoring, and plant maintenance.
On November 23, 2021, PTC and Rockwell Automation refuted a Berenberg Capital Markets report alleging Rockwell is severing financial ties with PTC and selling its 8.98% stake. Both companies confirmed that the strategic alliance remains intact, providing value-added solutions to manufacturing customers. Since 2018, Rockwell's substantial $1 billion investment in PTC allows for potential share sales under certain conditions. A new resale registration statement has been filed by PTC to comply with contractual obligations, further securing the ongoing partnership.
Plex Systems, a Rockwell Automation company, has launched Plex Production Monitoring, a quick-start solution designed to enhance real-time visibility into plant floor operations. This new tool, an evolution of the previously acquired Plex Mach2, links to machines via PLC or edge devices, allowing for rapid deployment within days. It provides essential metrics, such as downtime and production efficiency, enabling continuous improvement. The launch addresses the pressing need for manufacturers to cut costs and improve quality in a competitive landscape.
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Rockwell Automation (NYSE: ROK) announced a significant enhancement to its cybersecurity offerings through partnerships with Dragos and CrowdStrike, alongside the establishment of a new Cybersecurity Operations Center in Israel. These initiatives aim to equip customers with better defenses across the attack continuum. The partnership with Dragos focuses on incident response and threat intelligence, while collaboration with CrowdStrike will utilize its AI-driven Falcon platform for comprehensive security solutions. This investment reaffirms Rockwell's commitment to providing a robust cybersecurity infrastructure.
Claroty, an industrial cybersecurity company, has announced an integration of its Continuous Threat Detection (CTD) solution with Rockwell Automation's FactoryTalk® AssetCentre. This collaboration enables automatic discovery and management of operational technology and IoT assets in industrial networks. The CTD Connector, showcased at the Automation Fair on November 10-11, enhances asset protection and disaster recovery, optimizing visibility and risk management. Key benefits include a centralized asset inventory, ongoing risk assessment, and improved compliance efficiency.
Rockwell Automation (ROK) reported record quarterly orders of $2.2 billion, a 40% increase year-over-year. Fourth quarter sales rose by 15.1%, with an organic sales increase of 12.6%. Diluted EPS was $0.67 while adjusted EPS surged to $2.33. For the full year, reported sales were $6,997.4 million, up 10.5%, and net income increased to $1,358.1 million. The company projects fiscal 2022 sales growth of 16% - 19% and diluted EPS between $9.91 and $10.51.
Rockwell Automation (NYSE: ROK) has acquired AVATA, a prominent provider in supply chain and enterprise performance management solutions. This acquisition enhances Rockwell's capabilities in cloud-native technologies, aimed at improving supply chain visibility and digital transformation for manufacturers. AVATA will integrate into Rockwell’s Kalypso business, amplifying synergies from their existing partnership. The deal supports Rockwell's strategy of offering advanced cloud solutions, catering to increasing market demand for resilient and sustainable operations.
The Board of Directors of Rockwell Automation (NYSE: ROK) declared a quarterly dividend of $1.12 per share, marking a 5% increase from the previous quarter's $1.07. This dividend will be payable on December 10, 2021, to shareholders on record by November 15, 2021. The increase showcases the company’s strong cash generation and commitment to rewarding shareholders.
Rockwell Automation (NYSE: ROK) has entered a five-year strategic agreement with The Pyure Company to enhance indoor air quality solutions and combat COVID-19. Pyure specializes in UV-based air purifiers, effectively eliminating over 99% of common indoor pathogens, including the COVID-19 virus. The collaboration integrates IIoT and FactoryTalk InnovationSuite from Rockwell, enabling real-time monitoring and management of air quality systems. This partnership aims to help customers optimize their indoor environments by comparing air conditions and ensuring compliance with health standards.
Rockwell Automation (NYSE: ROK) has appointed Veena Lakkundi as Senior Vice President, Corporate Strategy and Development, effective November 1. Lakkundi previously held significant roles at 3M, including Senior VP and Chief Strategy Officer. Her expertise will enhance Rockwell's strategic planning and drive development activities. She succeeds Elik Fooks, who is retiring after a successful career at Rockwell. CEO Blake Moret acknowledged Lakkundi's capabilities in building teams and delivering value, signaling a commitment to advancing Rockwell's leadership in industrial automation and digital transformation.