Overview of Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK) is a global provider of industrial automation and information solutions. The company is a leader in the industrial automation and information markets, providing products and services that connect, monitor, and control industrial equipment and processes. Rockwell Automation also provides software, hardware, and related services to help customers achieve their automation objectives. The company is headquartered in Milwaukee, Wisconsin, and has operations in more than 120 countries around the world.
Rockwell Automation has a long history of providing innovative products and services to its customers. The company was founded in 1903 and has grown to become one of the largest industrial automation and information companies in the world. Rockwell Automation has more than 14,000 employees and provides products and services to a wide range of customers, including automotive, aerospace, pharmaceutical, food and beverage, and other industrial manufacturers.
Rockwell Automation Stock Price History
Rockwell Automation has been a publicly traded company since its IPO in 1993. The company has seen its stock price fluctuate over the years, reaching a high of $137.15 in June 2018 and a low of $45.18 in March 2020. Since then, the stock has steadily increased, reaching a high of $158.14 in March 2021. Rockwell Automation’s stock price has been volatile over the past decade, with the stock price reaching both highs and lows multiple times.
In October 2020, Rockwell Automation announced that it had entered into a definitive agreement to acquire the remaining shares of its subsidiary, Rockwell Collins. The acquisition was expected to close in the first quarter of 2021. The acquisition was seen as a positive move for the company, as it allowed Rockwell Automation to diversify its product portfolio and expand its presence in the aerospace and defense markets.
In December 2020, Rockwell Automation announced that it had reached an agreement with United Technologies to acquire the aerospace and defense business of United Technologies for $11.4 billion. The acquisition was expected to close in the first quarter of 2021. The acquisition was seen as a positive move for the company, as it allowed Rockwell Automation to expand its presence in the aerospace and defense markets.
In January 2021, Rockwell Automation announced that it had completed the acquisition of the aerospace and defense business of United Technologies. The acquisition was expected to add approximately $5 billion in annual revenues to Rockwell Automation’s top line. The acquisition was seen as a positive move for the company, as it allowed Rockwell Automation to expand its presence in the aerospace and defense markets.
Rockwell Automation Stock Performance
Since its IPO in 1993, Rockwell Automation’s stock has seen its share price increase from $2.50 to a high of $158.14 in March 2021. Over the past decade, the stock price has seen highs and lows multiple times, but has generally been on an upward trend since 2010. The stock has seen a surge in 2021, after the company announced the acquisitions of Rockwell Collins and United Technologies’ aerospace and defense business.
Rockwell Automation has consistently returned value to its shareholders, through both dividends and share repurchases. The company has increased its dividend for the past five years and has repurchased more than $3 billion of its shares in the past decade. The company has also announced plans to repurchase up to an additional $2 billion of its shares in 2021.
Outlook for Rockwell Automation
Rockwell Automation is well-positioned to capitalize on the growth in the industrial automation and information markets. The company is a leader in the industrial automation space, providing innovative products and services that help customers achieve their automation objectives. The company is also expanding its presence in the aerospace and defense markets, following the acquisitions of Rockwell Collins and United Technologies’ aerospace and defense business.
Rockwell Automation is also committed to returning value to its shareholders, through both dividends and share repurchases. The company has increased its dividend for the past five years and has repurchased more than $3 billion of its shares in the past decade. The company also has plans to repurchase up to an additional $2 billion of its shares in 2021.
With its strong presence in the industrial automation and information markets and its expanding presence in the aerospace and defense markets, Rockwell Automation is well-positioned for future growth. The company’s commitment to returning value to its shareholders should also help to support the stock price in the long term.