ROK News

Rockwell Automation, Inc. (NYSE: ROK) Chairman and CEO, Blake Moret, will present at the 13th Annual Wolfe Research Global Transportation & Industrials Conference Webcast on Tuesday, May 19, 2020.

Rockwell Automation (ROK) delivered earnings and revenue surprises of 32.79% and 4.83%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

A peak at how Caterpillar (CAT), Roper Technologies (ROP), Rockwell Automation (ROK) and other industrials are expected to fare this earnings season amid the coronavirus impact.

Rockwell Automation, Inc. (NYSE:ROK) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that...

Investors can retain Rockwell Automation (ROK) stock in their portfolio for the time being on solid prospects.

What to look for in Q1-2020 data Another light week for new financial statements with only 40 companies reporting and mostly companies with fiscal quarters ended in February. The recent SEC filing update is only 3% complete but the volume of filings will increase in coming weeks. So far there is no evidence that companies […]

Rockwell Automation has completed the acquisition of ASEM, S.p.A., a leading provider of digital automation technologies based in Italy.

Rockwell and ABB are two of the top names plugged into a trend that will only accelerate once the coronavirus is in the rearview mirror.

Although Rockwell Automation (NYSE: ROK) reported strong earnings for its fiscal second quarter, significantly beating expectations, the conference call with management triggered concerns over the company's performance in the next quarter and fiscal 2021, according to Rosenblatt Securities.The Rockwell AnalystScott Graham downgraded Rockwell Automation's stock from Neutral to Sell, while raising the price target from $155 to $173.The Rockwell ThesisFollowing the call with management, Rockwell Automation seems to be headed for earnings declines over the next four quarters, Graham said in the note.The company's strong earnings in the quarter were driven by robust margins due to a meaningful decline in incentive comp. The guidance for the third quarter came in much below expectations "on a decremental margin which will exceed 50%," the analyst wrote.He added that the fiscal 2020 earnings guidance range of between $6.90 and $7.70 per share is very wide, considering only half the year is left, and suggests that management is "struggling with where earnings will land."Although the guidance incorporates $150 million in annualized cost savings, all the reductions are variable or discretionary, and none are structural, Graham pointed out.View more earnings on ROKHe said Rockwell Automation's earnings in fiscal 2021 will be hurt by "this year's largely variable and discretionary cost reductions."ROK Price ActionShares of Rockwell Automation had risen 1.1% to $198.41 at time of publication Wednesday.Related Links:Benzinga's Top Upgrades, Downgrades For April 29, 2020Recap: Rockwell Automation Q2 EarningsLatest Ratings for ROK DateFirmActionFromTo Apr 2020BarclaysMaintainsOverweight Apr 2020CitigroupMaintainsNeutral Apr 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for ROK View the Latest Analyst Ratings See more from Benzinga * Roku Is Well-Positioned With Or Without A Pandemic, Benchmark Says In Bullish Initiation * While GE's Q1 Print Reflects Coronavirus Impact, BofA Applauds Actions Taken To Preserve Liquidity * Analyst Cuts Murphy Oil Rating On Valuation, Ahead Of A Tougher 2021(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Rockwell Automation, Inc. (NYSE: ROK) Chairman and CEO, Blake Moret, and SVP and Chief Financial Officer, Patrick Goris, will present at the Goldman Sachs Industrials and Materials Conference Webcast on Wednesday, May 13, 2020.

The only explanation is investors are optimistic because of stimulus and economies around the world slowly allowing the reopening of non-essential businesses. Yesterday we heard the bearish grumblings of Bond King Jeffrey Gundlach who said he is betting the market is headed lower once again.

Q2 2020 Rockwell Automation Inc Earnings Call

Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2020 second quarter results.

ROK earnings call for the period ending March 31, 2020.

Shares of Rockwell Automation (NYSE:ROK) rose 6% after the company reported Q2 results.Quarterly Results Earnings per share rose 19.12% over the past year to $2.43, which beat the estimate of $1.82.Revenue of $1,681,000,000 higher by 1.45% year over year, which beat the estimate of $1,620,000,000.Looking Ahead Rockwell Automation hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 28, 2020View more earnings on ROKTime: 05:03 PM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.rockwellautomation.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2161159&sessionid=1&key=DAA362CDE1A60D21D0302A01EF0CCC54®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $209.6052-week low: $115.38Price action over last quarter: down 1.23%Company Profile Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. Today, the firm operates through two segments--architecture and software and control products and solutions. The former segment houses its Logix architecture that runs with third-party applications and contains all its hardware, software, and communication components, including control platforms that perform multiple disciplines. The latter segment sells industrial control products and offers technical automation services.See more from Benzinga * D.R. Horton: Q2 Earnings Insights * Recap: Corning Q1 Earnings * Recap: TransUnion Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Rockwell Automation has completed the acquisition of Kalypso, LP a software delivery and consulting firm.

Rockwell (ROK) projects fiscal 2020 adjusted earnings per share in the band of $6.90-$7.70.

The report highlights Rockwell's commitment to responsible and sustainable practices in its approach to customers, employees, and communities.

The industrial sector includes companies that produce machinery, equipment, and supplies that are used in construction and manufacturing, as well as providing related services. These companies are closely tied to the economy, and their business volume often shrinks during recessions, though each industrial subsector performs differently.

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