The Key Reason These 3 Stocks Can Soar in the Future

Rockwell Automation's (NYSE: ROK) $2.2 billion deal to buy industrial cloud software company Plex Systems is the latest in a long line of industrial companies buying software entities. And if industrials are not buying software companies -- like Rockwell and trailblazer Roper Technologies (NYSE: ROP) have -- they are investing internally to develop software capability, just as Honeywell International (NASDAQ: HON) is doing. What's going on, and why is it a "thing"? Let's take a closer look.

Digitization is driving the growth strategy of three industrial companies. Image source: Getty Images.

The software investments are essential and positive for investors for two reasons:

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Source Fool.com