Rockwell Automation Inc

ROK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$385.00	Ybhw	Txfwsqz

Rockwell Earnings: Muted 2024 Guide Offsets Strong Sales Growth

Joshua Aguilar ,

Nov 3, 2023

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.

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