2024-02-01 12:36:54 ET
Summary
- Hold rating recommended for Rockwell Automation, Inc. due to potential miss in FY24 guidance and lack of visibility for 2H24 order growth.
- Q1 2024 results showed stronger sales in software and control, but segment operating margins contracted.
- Even if guidance is achieved, the upside in valuation is not attractive, making the return profile for Rockwell Automation unappealing.
Investment Action
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Rockwell Automation: Possible FY2024 Guidance Miss Gives Me Pause