Robust Revenue Growth Continues at Rockwell in Fiscal 3Q, but Margins Stagnate. Shares Look Rich.
We’re increasing our fair value estimate to $134 from $130 per share for wide-moat Rockwell Automation following another quarter of strong organic revenue growth. Half of the increase came from time value of money since our last update, while the remainder came from adjusting our fiscal 2017 tax and foreign exchange rates downward in accordance with management’s updated guidance. That said, we continue to believe that Rockwell’s shares are trading at levels that assume the company is no longer c...Rockwell Automation is a provider of industrial automation and digital transformation. The company's segments include: Architecture and Software, which contains automation and information platforms, including hardware and software; and Control Products and Solutions, which combines motor control and industrial control products, other solutions and a portfolio of lifecycle services. The company's automation platform products include programmable automation controllers, design, networking products, sensing devices, machine safety devices, motion control products, and independent cart technology products. The company's information platform includes manufacturing execution system software and analytics software.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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