Think Robots Will Take Our Jobs? Invest In This One Company
Rockwell Automation (NYSE: ROK) is certainly not an unknown name. The robotics company has been around in one form or another for decades, and it has quietly had a hand in manufacturing many of the things we use on a daily basis. On the other hand, it's not exactly a proverbial household name among investors. While it sports a respectable market cap of $24 billion, it's usually not the growth engine most investors seek.
Now would be a wise time to add Rockwell to your watchlist, though, if not your portfolio. While the robotic automation movement has been underway for a while, the next few years could be surprisingly solid ones for the company and its peers. Market research firm IDC's three-year outlook for the industry is bold, but more than that, the fog of confusion that's clouded the robotics business for a while may be about to lift.
From automobiles to paper to food to energy and more, Rockwell makes mechanical processing more efficient and cost-effective. Not only does it offer a variety of motion control solutions, it also provides the back-end software to put its hardware into action. In fact, of last quarter's $1.73 billion worth of revenue, 45% of it was driven by software and control products, while 55% of it came from mechanical products.
Source Fool.com
