Rockwell Automation Inc
ROK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$192.00 | Dzyv | Hqybrykqm |
Rockwell Earnings: Weaker-Than-Expected Quarter More a Function of Normalizing Order Trends
We see no reason to change our $310 fair value estimate following wide-moat Rockwell’s fiscal third-quarter results. Results were below expectations on the top and bottom lines, but income-related guidance was unchanged. Consequently, our sales and operating margin expectations were relatively unchanged, though cash conversion was a good deal south of what we previously earmarked.