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Rockwell Automation, Inc. - ROK STOCK NEWS

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.

News

Converting Landfill Gas Into Renewable Energy Sources

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Kupper Engineering (NYSE:ROK) is helping companies convert waste into renewable natural gas (RNG) with the help of Rockwell Automation. They are assisting North America's largest landfill operator in expanding its RNG infrastructure, with plans to build 20 RNG plants by 2026.
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A Better Way To Manage Produced Water

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Rockwell Automation (NYSE: ROK): Endpoint Industrial Controls, a key partner in recycling produced water from oilfields, utilizes Rockwell technologies to create end customer solutions. Their customer operates over a dozen geographically dispersed water recycling facilities and pipelines, managing 1.2 million barrels of produced water per day. The company's flexibility in providing permanent facilities and mobile units engineered on a project-by-project basis has proven beneficial, as demonstrated by the successful remediation of a pipeline rupture that dumped over 500,000 gallons of crude oil.
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Rockwell Automation Makes Strategic Investment in Momenta Fund that Develops Sustainable, Human-Centric Industrial Technology of the Future

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Rockwell Automation, Inc. has invested in Momenta's Industry 5.0 Fund, giving them early access to innovative technology that promotes resiliency, agility, and sustainability. The $100 million fund supports entrepreneurs focused on human-centric industrial operations, aligning with the EU Commission's Industry 5.0 initiative. Rockwell is an anchor investor and will work closely with Momenta and the portfolio companies, offering expertise and strategic network.
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Rockwell Automation completes acquisition of cybersecurity software and services company Verve Industrial Protection

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Rockwell Automation has completed its acquisition of Verve Industrial Protection, an asset inventory system and vulnerability management solution. This acquisition will expand Rockwell's cybersecurity offerings and enhance the security of customers' operations.
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Rockwell Automation Reports Fourth Quarter and Full Year 2023 Results; Introduces Fiscal 2024 Guidance

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Rockwell Automation, Inc. reported strong performance in fiscal year 2023, with fourth-quarter sales up 20.5% YoY and full-year sales up 16.7% YoY. Diluted EPS for the fourth quarter was $2.61, down 10% YoY, while adjusted EPS was $3.64, up 20% YoY. For fiscal year 2023, diluted EPS was $11.95, up 50% YoY, and adjusted EPS was $12.12, up 28% YoY. Cash provided by operating activities and free cash flow also saw significant growth. Fiscal year 2024 guidance includes reported sales growth of 0.5% - 6.5% and diluted EPS of $11.49 - $12.99.
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Claroty and Rockwell Automation Expand Capabilities to Include SaaS-powered OT Security Solution xDome

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Claroty, the cyber-physical systems protection company, has announced an expansion of its capabilities with Rockwell Automation, Inc. The partnership allows Rockwell Automation customers to access Claroty's cloud-based and on-premise OT security offerings. Claroty xDome, a SaaS-powered industrial cybersecurity platform, will be showcased at Rockwell Automation Fair. The partnership aims to provide stronger risk reduction strategies and improved security for modernized OT environments.
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Infinitum Secures $185 Million Series E Funding Led by Just Climate to Catalyze Industrial Decarbonization with High-Efficiency, Sustainable Motors

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Infinitum, creator of sustainable air-core motors, has announced $185 million in Series E funding. The funds will be used to expand the company and increase production to meet customer demand and drive decarbonization in the industrial sector. Infinitum's motors have the potential to save 127 terawatt-hours per year, translating into cost savings of $14.7 billion and reductions of 90.2 MMT of CO2 for the US industrial and commercial sectors.
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Rockwell Automation Increases Quarterly Dividend to $1.25 Per Share on Common Stock

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Rockwell Automation, Inc. (NYSE: ROK) declares a quarterly dividend of $1.25 per share, reflecting strong operating performance.
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Rockwell Automation and Microsoft Expand Partnership to Leverage Generative AI Capabilities for Enhanced Productivity and Faster Time-to-Market

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Rockwell Automation and Microsoft are partnering to accelerate industrial automation design and development through generative AI. The collaboration will integrate Microsoft's Azure OpenAI Service into Rockwell's FactoryTalk Design Studio, providing industry-first capabilities to customers. The companies aim to address the skilled labor shortage and increase worker productivity in industrial organizations. The partnership will automate routine tasks, improve design efficiency, and enhance the learning path for engineers. Rockwell and Microsoft also plan to extend the technology to solve other challenges in quality management, failure mode analysis, and training frontline workers.
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Rockwell Automation Signs Agreement to Acquire Verve Industrial Protection

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Rockwell Automation announces the acquisition of Verve Industrial Protection, a cybersecurity software and services company, to expand its cybersecurity offerings and strengthen the security of customers' operations.
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FAQ

What is the current stock price of Rockwell Automation (ROK)?

The current stock price of Rockwell Automation (ROK) is $279.56 as of January 9, 2025.

What is the market cap of Rockwell Automation (ROK)?

The market cap of Rockwell Automation (ROK) is approximately 31.6B.

What does Rockwell Automation, Inc. do?

Rockwell Automation, Inc. provides industrial automation solutions, including hardware and software products, and services through its brands like Allen-Bradley and FactoryTalk.

What are the main segments of Rockwell Automation?

Rockwell Automation operates through three segments: Intelligent Devices, Software and Control, and Lifecycle Services.

When did Rockwell Automation become an independent entity?

Rockwell Automation became an independent entity in 2001 following the spin-off of Rockwell Collins.

What is Rockwell Automation's stance on sustainability?

Rockwell Automation is committed to environmental stewardship, aiming for net-zero carbon neutrality by 2030 and supporting technologies that advance sustainability goals.

What recent partnerships has Rockwell Automation announced?

Rockwell Automation recently partnered with 1PointFive to purchase carbon dioxide removal credits and with ISAP India Foundation to enhance dairy farming in Maharashtra, India.

What is the significance of the agreement with 1PointFive?

The agreement with 1PointFive involves purchasing CDR credits from a DAC facility, supporting Rockwell's sustainability strategy to achieve net-zero carbon by 2030.

How does Rockwell Automation help improve dairy farming in India?

Rockwell Automation collaborates with ISAP India Foundation and eVerse.AI to modernize dairy farming in Maharashtra, using innovative technologies to increase milk production and improve farmer livelihoods.

What brands are associated with Rockwell Automation?

Key brands under Rockwell Automation include Allen-Bradley, FactoryTalk software, and LifecycleIQ Services.

What is the role of the Sensia JV in Rockwell Automation?

The Sensia JV with SLB focuses on providing consulting and maintenance services as part of Rockwell's Lifecycle Services segment.

How long has Rockwell Automation been in the industrial automation industry?

Rockwell Automation has been a leader in the industrial automation industry for over 120 years, continuously driving efficiency and innovation.
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Rockwell Automation, Inc.

NYSE:ROK

ROK Rankings

#383 Ranked by Market Cap
#1461 Ranked by Dividends

ROK Stock Data

31.60B
112.73M
0.25%
84.67%
2.42%
Specialty Industrial Machinery
Measuring & Controlling Devices, Nec
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United States of America
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