Rockwell Automation is set to report its Q4 and full year 2024 results, and provide fiscal 2025 guidance. The company topped the Internet of Things stocks in its Q2 earnings and witnessed strong trading despite some underperformances on certain trading days. Debt usage appears balanced and Greenleaf Trust and International Assets Investment Management have increased their positions significantly. Notably, Rockwell has partnered with Taurob to provide end-to-end robotic automation solutions. Amid these developments, the company's stock is down 0.9% since the last earnings report. In the management team, Brian Hovey was named Chief Marketing Officer. With its role in changing industrial automation, the firm seems to be on a steady path. Important announcements include the increase of Rockwell’s price target to $251 by JPMorgan and the significant purchase of Rockwell's shares by Mandatum Life Insurance. Interestingly, the company will also be expanding collaboration with NVIDIA to advance intelligent automation. Lastly, Rockwell recently introduced Logix SIS, a novel approach to safety and factory automation, showcasing their commitment to innovation.
Rockwell Automation ROK News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Fri, 25 Oct 2024 21:01:00 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 1
