Rockwell Automat Stock Price, News & Analysis

Rockwell Automation (NYSE: ROK) has announced an increase in its quarterly dividend to $1.31 per share, up from the previous $1.25. The dividend will be paid on December 10, 2024, to shareholders of record as of November 18, 2024. This dividend increase demonstrates the company's strong financial position and commitment to shareholder returns.

Rockwell Automation (NYSE: ROK) has announced it will release its fourth quarter and full year fiscal 2024 financial results and fiscal 2025 guidance on Thursday, November 7, before market open. The company will host a conference call at 7:30 a.m. CDT on the same day to discuss the results. The earnings release, presentation materials, and audio webcast will be available on Rockwell's Investor Relations website. Investors can join the call using the provided U.S. and international dial-in numbers with passcode 5499533. Materials and call replay will remain accessible through December 6.

Rockwell Automation (NYSE:ROK) has appointed Brian Hovey as the new vice president, Global Marketing and Chief Marketing Officer. Reporting to Scott Genereux, Senior VP and Chief Revenue Officer, Hovey will lead the marketing of Rockwell's full portfolio globally, focusing on driving demand and building the brand. His responsibilities include overseeing industry strategy, marketing communications, analyst relations, demand generation, and commercial marketing.

Hovey brings over 25 years of global leadership experience, most recently serving as VP of Sales Excellence, Safety and Productivity Solutions at Honeywell. He also held marketing leadership roles at Honeywell and spent 14 years leading marketing organizations at Dell Technologies. Hovey holds a bachelor's degree in mechanical engineering from the University of Illinois Urbana-Champaign and an MBA in marketing from the University of Michigan.

Rockwell Automation (NYSE:ROK) has pledged $100,000 to the American Red Cross for Hurricane Helene disaster relief efforts. Hurricane Helene is the second-deadliest mainland US Hurricane in the past 50 years, with over 200 lives lost and hundreds still missing. The hurricane has impacted 32 million people and 12 million households, with 15% of those affected living below the poverty level.

The American Red Cross is providing essential supplies, food, medicine, and shelter to those in need. Ashley Johnson, Rockwell's Community Relations manager, expressed sympathy for those affected and emphasized the company's longstanding relationship with the Red Cross in supporting front-line relief efforts.

Rockwell Automation's PlantPAx® DCS is being used by The Royal Mint in their new Precious Metals Recovery facility to manage and control the gold extraction process from e-waste. The facility, now operational after two years of design and manufacture, aims to address the growing challenge of electronic waste, which is increasing three times faster than the world's population according to the WHO.

The PlantPAx DCS monitors and controls a chemical extraction process that removes gold from discarded electronic devices like mobile phones and laptops. This technology, scaled up from lab level, is now operational in Llantrisant, Wales. The Royal Mint aims to reach a 4,000-ton per annum target for e-waste processing.

With global e-waste generation expected to exceed 80 million metric tons by 2030, this initiative contributes to improved recycling and recovery infrastructure, supporting sustainability efforts and the circular economy.

Rockwell Automation (NYSE: ROK) has announced its upcoming annual investor meeting scheduled for Wednesday, Nov. 20. The event will be held in conjunction with the company's Automation Fair® at the Anaheim Convention Center in Anaheim, California.

The public portion of the meeting will be accessible via webcast, starting at approximately 10:15 a.m. PT. Presentations will be delivered by Blake Moret, Chairman and CEO, along with other senior leadership members.

Interested parties can access the webcast through the Rockwell Automation Investor Relations website at www.rockwellautomation.com/en-us/investors.html.

Rockwell Automation (NYSE: ROK) is contributing to the sustainability of the electric vehicle (EV) industry through its work with the Resolution Copper Project, a joint venture between Rio Tinto and BHP. The project aims to extract copper from a deposit that could supply nearly 25% of US copper demand, with enough copper to manufacture almost 220 million EVs by 2040.

Rockwell's solutions have helped Resolution Copper achieve significant energy savings and increased system efficiency. By implementing variable speed drives and distributed control systems, the project has seen a 5% increase in system efficiency and a 10% decrease in utility costs since July 2023. These improvements translate to about $1 million in annual savings, which Resolution Copper plans to reinvest in other sustainability initiatives.

Rockwell Automation (NYSE: ROK) has launched Logix SIS, a revolutionary safety instrumented system for industrial environments. This cutting-edge system offers SIL 2 and SIL 3 certifications for enhanced process and hybrid safety. Logix SIS integrates a process logic-solver and I/O, providing high availability with proven Rockwell Automation hardware.

Key features include:

• Modern SIL 2 and SIL 3 solutions for comprehensive safety
• High availability for continuous critical process operation
• Streamlined implementation using familiar hardware and software
• Reduced engineering time through simplified design
• Upgradability without planned downtime

Rockwell Automation (NYSE:ROK), a leader in industrial automation and digital transformation, has announced a $1 billion share repurchase authorization approved by its Board of Directors. This is in addition to the previous $1 billion authorization from May 2022, of which $353 million remained as of September 5, 2024. CEO Blake Moret emphasized the company's commitment to shareholder value, noting that Rockwell has returned nearly $4.7 billion to shareholders through dividends and share repurchases over the past five years. This move highlights Rockwell's strong financial position and focus on disciplined capital allocation.