Rockwell Automat Stock Price, News & Analysis

Rockwell Automation (NYSE: ROK) has entered a five-year strategic agreement with The Pyure Company to enhance indoor air quality solutions and combat COVID-19. Pyure specializes in UV-based air purifiers, effectively eliminating over 99% of common indoor pathogens, including the COVID-19 virus. The collaboration integrates IIoT and FactoryTalk InnovationSuite from Rockwell, enabling real-time monitoring and management of air quality systems. This partnership aims to help customers optimize their indoor environments by comparing air conditions and ensuring compliance with health standards.

Rockwell Automation (NYSE: ROK) has appointed Veena Lakkundi as Senior Vice President, Corporate Strategy and Development, effective November 1. Lakkundi previously held significant roles at 3M, including Senior VP and Chief Strategy Officer. Her expertise will enhance Rockwell's strategic planning and drive development activities. She succeeds Elik Fooks, who is retiring after a successful career at Rockwell. CEO Blake Moret acknowledged Lakkundi's capabilities in building teams and delivering value, signaling a commitment to advancing Rockwell's leadership in industrial automation and digital transformation.

Rockwell Automation (NYSE: ROK) plans to announce its fourth quarter fiscal 2021 results on November 2, before market opening. The results will be available on the company's Investor Relations website. An 8:30 a.m. EDT conference call will follow to discuss the results, accessible via phone and web. Presentation materials and a replay will be available until December 3. Rockwell Automation, a leader in industrial automation, employs approximately 24,000 people across 100 countries.

Rockwell Automation (NYSE: ROK) will host its annual investor meeting on November 10, coinciding with the 30th annual Automation Fair at the George R. Brown Convention Center in Houston, Texas. The public webcast starts at approximately 1 p.m. CST featuring presentations from Blake Moret, Chairman and CEO, among other leaders. Investors can access the webcast through the Rockwell Automation Investor Relations website.

Rockwell Automation (NYSE: ROK) and Ansys (NASDAQ: ANSS) have announced an enhanced connection between Rockwell's Studio 5000 Simulation Interface and Ansys's digital twin software, Twin Builder. This integration enables engineers to utilize simulation for designing and optimizing industrial operations. Key benefits include creating virtual equipment designs, virtually commissioning systems, and testing process changes in a simulated environment. This partnership aims to improve efficiency and reduce costs in the industrial automation sector, providing significant insights throughout the equipment lifecycle.

Rockwell Automation (NYSE: ROK) Chairman and CEO Blake Moret is scheduled to present at the Morgan Stanley Virtual 9th Annual Laguna Conference on Monday, September 13, 2021. The fireside chat will begin at approximately 9:30 a.m. Central Time and will be accessible via the Rockwell Automation Investor Relations website. Rockwell Automation, headquartered in Milwaukee, Wisconsin, is a leader in industrial automation and employs around 24,000 individuals globally, dedicated to enhancing productivity and sustainability.

Rockwell Automation (NYSE: ROK) has completed its acquisition of Plex Systems, enhancing its cloud-native smart manufacturing offerings. Plex's platform, serving over 700 customers and managing 8 billion transactions daily, will integrate with Rockwell’s existing software solutions, including FactoryTalk. The acquisition aims to better support industrial clients transitioning to cloud solutions, bolstering Rockwell’s position in the market. Both companies emphasize the strategic importance of this merger for optimizing customer operations and facilitating smart manufacturing.

Rockwell Automation (NYSE: ROK) announced the pricing of $1.5 billion in notes on August 3, 2021, as part of a public offering. The issuance includes three series: $600 million maturing in 2023 at 0.350% interest, $450 million maturing in 2031 at 1.750%, and $450 million maturing in 2061 at 2.800%. The offering is expected to close on August 17, 2021, subject to customary conditions. The net proceeds will partially fund the acquisition of Plex Systems. Major underwriters include BofA Securities and Goldman Sachs.