Topic: How To Invest

Q: Pat: I’m interested in getting your opinion on Rockwell Automation, trading on New York. Thank you.

Article Excerpt

A: Rockwell Automation Inc., $306.46, symbol ROK on New York (Shares outstanding: 114.6 million; Market cap: $35.1 billion www.rockwellautomation.com), provides industrial automation hardware and software products. The company’s Intelligent Devices segment accounts for 45% of sales, with its Software and Control business generating 32%, and its Lifecycle Services business contributing the remaining 23%. All together, it has 29,000 employees, with 68% of them outside North America. In November 2022, Rockwell announced that Ford Motor Company (symbol F on New York) had selected it as its vehicle operations primary controls and solutions provider for its next three electric vehicle (EV) assembly plants. The deal bolsters Rockwell’s position within the EV market. Its products and services are being used at Ford’s automotive production complexes in Ontario, Ohio, and in Tennessee. In October 2023, Rockwell completed the purchase of Waterloo-based Clearpath Robotics, including its industrial division, OTTO Motors. Clearpath, founded in 2009 by four graduates of the University of Waterloo’s mechatronics engineering program, aims to create robots…