Rockwell Automation: Does Its Improved Industrial Automation Adoption Warrant A Bullish Rating? 

Rockwell Automation closed the second quarter of fiscal 2024 on a rather unsteady footing as a result of high inventory levels held by machine builders and slower ramp ups that are impacting shipments for the second half. The company has also had to reduce its guidance for the full fiscal year which is proving to be larger than initially expected. However, despite what looks like a rocky start to the fiscal year, Rockwell Automation has already set in motion a comprehensive program aimed at expanding margins as the company accelerates actions to align costs with the updated outlook on current year orders. The company expects to save $100mm in the latter half of the fiscal year through accelerated actions, providing a promising start for the fiscal year 2025.