Forsta AP Fonden and Swedbank AB have reduced their positions in Rockwell Automation (NYSE: ROK), while Pacer Advisors and other firms increased their holdings. These changes come as some analysts predicted a decline in the company's earnings. In terms of innovation, Rockwell opened an advanced technology lab in Prague oriented towards industrial innovation, and expanded its AI partnership with Microsoft with the development of industrial cloud solutions. The firm has also struck a multi-year contract with Cybeats, focussed on integrating AI into existing workflows. The recent Q4 earnings showed a 21% sales drop and a 32% EPS decline. Despite this, Loop Capital raised Rockwell's price target to $260 focusing on growth drivers and AI innovations. Rockwell Automation has further announced to host an annual investor meeting. Looking forward, the company intends to bring autonomous operations to life using NVIDIA Omniverse.
Rockwell Automation ROK News Analytics from Wed, 17 Jul 2024 07:00:00 GMT to Sat, 01 Feb 2025 17:33:21 GMT -
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