Automation specialist Rockwell Automation (ROK) reported a decent quarter for its fiscal first quarter (calendar fourth quarter), but Rockwell's valuation isn't predicated on decent results - the valuation embeds expectations of superior growth and margins, and I'm concerned that investors may continue to be disappointed on that front, as the company's reputation can overshadow its reality. On a more positive note, the company's digital industrial initiatives do appear to be gaining some traction.
Rockwell shares are down a little from my late November update, modestly lagging the industrial peer group over that