Rockwell Automation to acquire Plex Systems for $2.22B

  • Rockwell Automation (NYSE:ROK) agrees to acquire Plex Systems, a cloud-native smart manufacturing platform operating at scale, for $2.22B in cash.
  • Plex to be reported as part of Rockwell's Software AG and Control operating segment. The acquisition to be financed with a combination of cash and short-term and long-term debt.
  • Plex revenue growing double digits and acquisition is expected to be immediately accretive to Rockwell operating margins.
  • Rockwell expects this transaction to accelerate their software revenue growth and strengthen annual recurring revenue streams.
  • 'This acquisition will accelerate our strategy to bring the Connected Enterprise to life, driving faster time to value for our customers as they increasingly adopt cloud solutions to improve resilience, agility, and sustainability in their operations," commented Blake Moret, Chairman and CEO of Rockwell Automation .

    For this year the company, located in Milwaukee revenue will be around 7.01 billion USD. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 6.33 billion USD.

    Historical revenues and results Rockwell Automation plus estimates 2020

    historische koersen

    The analysts expect for 2021 a net profit of 1.07 billion USD. For this year the consensus of Rockwell Automation 's result per share is a profit of 9.23 USD. With this the price/earnings-ratio is 30.77.

    For this year the analysts expect a dividend of 4.29 USD per share. Rockwell Automation 's dividend yield thus equals 1.51 percent. The average dividend yield of the computer services companies equals an attractive 1.53 percent.

    Rockwell Automation 's market capitalization is based on the number of outstanding shares around 32.86 billion USD. The Rockwell Automation stock was the past 12 months quite volatile. Since last July the stock is even 38 percent higher. This year the stock price moved between 207 and 290 dollar.

    Historical stock prices Rockwell Automation

    fundamental research rockwellautomation

    On Tuesday the stock closed at 284 USD.

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