Rockwell Automation, Inc. (NYSE:ROK) announced on Tuesday that it will host its annual investor meeting on Wednesday, Nov. 8. The event, set to begin at approximately 10:10 ET (14:10 GMT), will be held in conjunction with the company's Automation Fair at the Boston Convention & Exhibition Center in Boston, Massachusetts. Presentations will be given by Blake Moret, Chairman and CEO, along with other senior leadership.
The presentation will provide an overview of Rockwell's long-term business strategy, detailing key areas of growth and longer-term financial targets. This is particularly noteworthy as Rockwell has been demonstrating strong financial performance, as highlighted by InvestingPro data. The company has a market cap of $32.61 billion and has seen a revenue growth of 15.85% in the last 12 months leading to Q3 2023. The company's gross profit margin stands at an impressive 41.15% for the same period.
Rockwell's strong financials are also reflected in its P/E ratio of 22.94, which is considered low relative to the near-term earnings growth, as per InvestingPro Tips. This suggests that the company's stock could be undervalued, making it an attractive investment opportunity. Rockwell also boasts a perfect Piotroski Score of 9, indicating a very healthy financial situation.
The webcast of the investor meeting will be available on the Rockwell Automation Investor Relations website. As part of the company's commitment to transparency and shareholder value, Rockwell has raised its dividend for 13 consecutive years, a fact that potential investors might find appealing.
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