#7 - Rockwell Automation (NYSE:ROK)
Rockwell Automation (NYSE: ROK) – One of the effects of the tariffs is that U.S. businesses seeking to do business overseas will instead turn to automation as a way of reducing their costs. And the countries that are facing the increased costs due to the tariffs will also be looking to automation as a way to bring their costs down. This is causing a trend toward more spending in this sector to accelerate. And as the largest producer of the robots and automation equipment, Rockwell is poised to be one of the big winners from the tariffs. This leadership is also evident in its stock which has outperformed the industry over the past year. Rockwell’s stock has gained 5 percent, outpacing the industry as a whole by 3 percent, and they have an inventory turnover ratio that is 0.1 percent higher than the industry average (6.7% to 6.6%). Although Rockwell does source some products and components from China, the entire sector will face the same issue, meaning the overall forecast for the company remains positive.
About Rockwell Automation
Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.
Read More - Current Price
- $290.78
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 6 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $286.13 (1.6% Downside)
