Rockwell Automation: Adding More Software, More Growth

Summary

  • Rockwell Automation continues to be long-term quality, driven by a sound positioning.
  • The company trades at premium multiple because of this positioning and its track record.
  • ROK recently made a relatively expensive software deal, one which I like a lot.
  • At the current highs, the appeal is not readily seen at 30 times earnings, but there is real quality here.
  • Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More »

2020: Rockwell Automation Canada Ltd hoofdkantoor wordt getoond in Cambridge, On, Canada
JHVEPhoto/iStock Editorial via Getty Images

Rockwell Automation (NYSE:ROK) is a long-term favorite of mine. My last take on the company dates back to 2017 when fellow industrial name Emerson Electric (EMR) looked to acquire Rockwell Automation in

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This article was written by

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The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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