Rockwell Automation Inc
ROK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$258.00 | Fmfn | Cjtpdskc |
Rockwell Earnings: Order Growth Slower Than Expected; Cost Savings to Support Margins
Wide-moat-rated Rockwell continues to navigate through sluggish end markets. Indeed, management said discrete sales were down by a high-single-digit percentage year over year due to weaker demand across the automotive and semiconductor industries. Automakers have delayed electric vehicle programs amid lower-than-expected adoption rates, and semiconductor manufacturers face uncertainty regarding Chips and Science Act disbursements. Hybrid sales were down by a midteens percentage because of weaker demand from food and beverage and life sciences customers.