Welcome to our dedicated page for Rockwell Automation news (Ticker: ROK), a resource for investors and traders seeking the latest updates and insights on Rockwell Automation stock.
Rockwell Automation, Inc. (NYSE: ROK) is a leading American provider of industrial automation solutions, dedicated to enhancing productivity and sustainability. The company's renowned brands include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services. As a pure-play automation competitor, Rockwell Automation develops hardware and software products alongside comprehensive services aimed at optimizing industrial operations.
Tracing its roots back to Rockwell International, Rockwell Automation emerged as an independent entity following the spin-off of Rockwell Collins in 2001. The company operates through three primary segments: Intelligent Devices, Software and Control, and Lifecycle Services. The Intelligent Devices segment encompasses drives, sensors, and industrial components, while the Software and Control segment focuses on information, network, and security software. The Lifecycle Services segment offers consulting, maintenance services, and includes Rockwell's joint venture with SLB, Sensia.
Rockwell Automation has been at the forefront of industrial advancements for over 120 years, driving efficiency and innovation across various sectors. The company's holistic strategy emphasizes sustainability, underscoring its commitment to environmental stewardship and resource optimization. Recent notable achievements include an agreement with 1PointFive to purchase carbon dioxide removal (CDR) credits from a Direct Air Capture (DAC) facility in Texas, reflecting Rockwell Automation's goal of achieving net-zero carbon neutrality by 2030.
In collaboration with 1PointFive, Rockwell Automation supports technologies that advance sustainability objectives by providing practical, transparent, and durable carbon removal solutions. This partnership is a testament to Rockwell's dedication to connecting technology with human potential to build a more connected, productive, and sustainable world.
Additionally, Rockwell Automation has partnered with ISAP India Foundation to modernize dairy farming in the water-scarce region of Antargaon, Maharashtra. This corporate social responsibility (CSR) project leverages innovative technologies and digital solutions to enhance livestock development, resulting in increased milk production and improved livelihoods for local farmers.
Rockwell Automation continues to set industry standards through its cutting-edge solutions and unwavering focus on sustainability and social impact, making it a pivotal player in the global industrial automation landscape.
On February 17, 2021, Blake Moret, Chairman and CEO of Rockwell Automation (NYSE: ROK), will present at Citi’s 2021 Global Industrials Virtual Conference. The fireside chat is set to commence at 7:50 a.m. Central Time and will be accessible via the Rockwell Automation Investor Relations website. Rockwell Automation, a leader in industrial automation and digital transformation, employs around 23,500 professionals across more than 100 countries, driving innovation to enhance productivity and sustainability.
Rockwell Automation (NYSE: ROK) Chairman and CEO, Blake Moret, is set to present at the Barclays Industrial Select Conference on February 16, 2021. The fireside chat will commence at approximately 7:50 a.m. Central Time and will be available via webcast on Rockwell Automation's Investor Relations website. Rockwell Automation is a global leader in industrial automation and digital transformation, employing around 23,500 individuals across more than 100 countries to drive productivity and sustainability in industrial enterprises.
The Board of Directors of Rockwell Automation (NYSE: ROK) has declared a quarterly dividend of $1.07 per share on its common stock. This dividend is payable on March 10, 2021 to shareholders of record as of February 16, 2021. Rockwell Automation is a leader in industrial automation and digital transformation, employing around 23,500 individuals globally and committed to advancing productivity and sustainability.
Rockwell Automation (NYSE: ROK) reported its first quarter fiscal 2021 results, revealing sales of $1,565.3 million, down 7.1% from last year. However, net income surged to $593.3 million or $5.06 per share, largely due to fair-value adjustments related to its investment in PTC.
Organic sales fell 9.7%. The company anticipates sales growth between 8.5% and 11.5% and adjusted EPS between $8.70 and $9.10 for fiscal 2021, driven by strong demand for Intelligent Devices and a favorable legal settlement.
Rockwell Automation (NYSE: ROK) has appointed Scott Genereux as senior vice president and chief revenue officer and Brian Shepherd as senior vice president of Software and Control, effective February 1. Genereux will oversee global revenue performance, focusing on increasing software sales and annual recurring revenue. Shepherd will lead the newly formed Software and Control segment, enhancing Rockwell's software and hardware capabilities. Both executives bring extensive industry experience, expected to drive strategic growth and enhance customer relationships in digital transformation.
Rockwell Automation (NYSE: ROK) has successfully acquired Fiix Inc., a Toronto-based AI-enabled CMMS company. This acquisition enhances Rockwell's software strategy and Lifecycle Services business by integrating Fiix’s cloud-native software, which optimizes equipment maintenance and drives data-driven decisions. The acquisition reflects Rockwell's commitment to sustainability by improving operational efficiency and reducing waste. Fiix will be included in Rockwell's Software & Control segment, further reinforcing its position in industrial automation.
Rockwell Automation, Inc. (NYSE: ROK) is set to announce its first quarter fiscal 2021 results on January 26, before the market opens. Investors can find the release on the company's Investor Relations website. Following the results, a conference call will commence at 8:30 a.m. EST, accessible via audio webcast. Additionally, presentation materials will be available in advance. Interested participants can join the call using specific dial-in numbers and a passcode. Both the presentation and a replay of the call will be accessible until February 26, 2021.
Rockwell Automation (NYSE: ROK) has announced enhancements to its Original Equipment Manufacturer (OEM) Partner Program, which now includes almost 3,300 manufacturers globally. The program aims to improve market access, simplify product alignment, and encourage OEMs to leverage Rockwell's technology. Significant updates include enhanced co-marketing opportunities, increased technical support, and better supply chain alignment. The program is currently open for enrollment across various regions, including North America, Asia, and Europe, with plans for Latin America in early 2021.
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