Rockwell Automation (ROK) has been focusing on industrial automation using AI, and it has been emphasizing its AI partnership with Microsoft to bolster industrial transformation. The company has opened a new advanced technology lab in Prague to spearhead industrial innovation. Institutional investors like Aegon Asset Management and Marathon Strategic Advisors continue to back Rockwell Automation. Grange Capital and MCF Advisors have recently increased their shares. However, some shareholders like Crossmark Global Holdings and Lmcg Investments have reduced their stakes. Rockwell Automation's sales in Q3 were below analyst estimates, and a decline in earnings is expected. Despite a 21% sales drop and 32% EPS decline in Q4, which led to a significant plunge in Rockwell Automation's shares, their earnings have surpassed estimates. The CEO, Blake Moret, sold shares worth $7.97 million. Recent collaborations with Taurob for robotic automation solutions and Nvidia for digital twin technology appear promising. Analyst confidence was further amplified with Oppenheimer highlighting the company's shares for outperformance in 2025.
Rockwell Automation ROK News Analytics from Fri, 31 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 18:18:51 GMT -
Rating -3
- Innovation 1
- Information 5
- Rumor 2
