Rockwell Automation Inc
ROK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$492.00 | Drvdf | Dlwsgctf |
Rockwell Earnings: Muted 2024 Guide Offsets Strong Sales Growth
We maintain our $310 fair value estimate following wide-moat Rockwell’s fiscal fourth-quarter and full-year results. Sales rose a resounding 20.5% year on year or 18% on an organic basis. Rockwell’s sales growth was broad-based, but organic sales were exceptional in Rockwell’s software and control business, rising over 23% year on year. This segment sells Rockwell’s programmable logic controllers and digital twin software, among other solutions.