Rockwell Automation Closes 2016 With Strengthening Sales; Sees Stabilization in Heavy Industry
Strong sales in consumer and automotive verticals marked the end of wide-moat Rockwell Automation’s fiscal 2016, and we anticipate a modest increase to our fair value estimate of $115 per share as we incorporate full-year financial results into our discounted cash flow model. In the fourth quarter, revenue decreased 4.3% to $1.5 billion, reflecting about 3.4% of year-over-year organic decline. However, this represented a sequential improvement, especially as organic sales in the architecture and...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.
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