Check Out These Top Robotics Stock Amid The Increasing Interest In Automation
Robotic stocks often elicit a sense of excitement among investors. To a certain extent, investing in the stock market is about gauging the potential of the industry and the companies within it. Well, robots have been around since the 1960s and their adoption has been increasing over the past few decades. This should not come as a surprise as robots offer better efficiency. Even the health care industry is utilizing robotics in today’s world. For example, Stryker Corporation’s (NYSE: SYK) Mako allows surgeons to have a more predictable surgical experience when performing joint replacement surgery.
Also, Tesla Inc’s (NASDAQ: TSLA) CEO Elon Musk has said on Thursday that it will be launching a “Tesla Bot” prototype next year. This humanoid robot is designed to execute dangerous, repetitive, or boring work that people normally would not like to do. For now, nobody is certain what the next technological breakthrough would be, but robotics sure seems like a reasonable bet. So, do you share the same level of optimism with regards to robotics? If you do, here is a list of some of the top robotic stocks in the stock market today.
Best Robotics Stock To Buy [Or Avoid] Before September 2021
- Rockwell Automation (NYSE: ROK)
- Intuitive Surgical, Inc (NASDAQ: ISRG)
- UiPath Inc (NYSE: PATH)
- Medtronic PLC (NYSE: MDT)
Rockwell Automation
First up, we have the provider of industrial automation solutions, Rockwell. Essentially, it operates through two segments, Architecture & Software and Control Products & Solutions. Its automation platform products include programmable automation controllers, human-machine interface products, sensing devices, machine safety devices, and many more. ROK stock has been a steady climb since the start of the year, seeing gains of over 25% within the period.
For its third-quarter fiscal, Rockwell reported sales of $1.84 billion, up by 32.6% year-over-year. Meanwhile, its total segment operating earnings were $368.7 million, an increase of 60.7% from the prior year’s quarter. These outstanding results reflect the high demand for Rockwell’s core automation and digital transformation solutions.
It is also noteworthy that the company expanded its industrial cloud software offering with the acquisition of Plex Systems back in July. Plex is a leading pure software-as-a-service, cloud-native smart manufacturing platform operating at scale. This acquisition will accelerate the company’s strategy to bring the Connected Enterprise to life. Also, it would improve its software revenue growth and strengthen its annual recurring revenue streams. With this in mind, would you consider adding ROK stock to your watchlist?
Read More
- 4 Artificial Intelligence Stocks To Watch Right Now
- Best Lithium Battery Stocks To Buy Now? 4 To Know
Intuitive Surgical, Inc
Following that, we have the health care giant that heavily dwells in the robotics segment, Intuitive Surgical. When it comes to robotic-assisted surgery, the company is one of the leaders in the industry. To date, the company has helped tens of thousands of surgeons perform 7 million procedures worldwide. ISRG stock has risen over 50% over the past year.
The company uses precise and efficient robots to excel in minimally invasive care. Its da Vinci surgical system will help enhance surgeon capabilities. For example, its vision system delivers 3D high-definition views that give surgeons a crystal clear view of the surgical area that is magnified 10 times what the human eye sees. Also, there is built-in tremor-filtration tech that helps the surgeon to move each instrument with smooth precision. Overall, the company’s robotic tech has been a huge success in the health care industry.
To illustrate the rising popularity of its da Vinci system, we need to look no further than its recent second-quarter business update report. It appears that da Vinci procedures grew approximately 68% compared to the second quarter last year. There was also increased adoption as the company shipped 328 da Vinci Surgical Systems compared with 178 in the prior year’s quarter. Naturally, its revenue also spiked by 72% year-over-year to $1.46 billion. Overall, Intuitive Surgical looks to be in a favorable position within the industry with a solid foundation. So, would you consider ISRG stock as a top robotics stock to watch?
[Read More] Best Communication Stocks To Watch Right Now
UiPath Inc
Another hot name in the robotics industry now would be UiPath. For those unfamiliar, UiPath is a global software company that specializes in robotic process automation (RPA). While it may seem like a dream at this point, the company aims to have a robot for every person, hoping to transform the way humans work. Now, that would be quite exciting wouldn’t it?
Earlier this month, UiPath announced the formation of its first Public Sector Advisory Board. The Board will comprise former government tech officials, economists, and academia. In detail, it will provide the company with external perspectives on all facets of government, global economic trends, and new opportunities for automation to help public sector agencies meet their mission. While UiPath has already deployed its automation platform in more than half of the U.S. states, the need for automation continues to grow. Hence, the insight from this Board will be instrumental for the company in the long term.
Financially, the company had a strong start to its fiscal year 2022. For the first quarter, it posted revenue of $186.2 million, an increase of 65% year-over-year. Meanwhile, its accounting rate of return (ARR) was $652.6 million, an increase of 64% year-over-year. This strong showing is a testament to the company’s leadership position in enterprise software automation. Before the company reports its second-quarter earnings on September 7, would it be wise to invest in PATH stock now?
Medtronic PLC
To sum up the list, we have yet another medical technology company that has a strong influence in the robotics segment, Medtronic. Put simply, it develops, manufactures, and markets medical devices and technologies to its customers in approximately 160 countries. Its Hugo™ Robotic Assisted Surgery (RAS) system combines the precision of wristed instruments with the flexibility of independent robotic arm carts and best-in-class 3D visualization tech on an open console.
Last month, the company announced the integration of the Hugo RAS system at Hospital Clinico de la Red de Salud UC CHRISTUS in Santiago, Chile. Primarily, it is to support the teaching institution’s new robotic system program. While it has been shown that robotic surgery offers surgeons improved visualization, greater dexterity, and ergonomic advantages, yet robots are only used in less than 3% of surgeries globally. In years to come, hopefully, this is the beginning of more medical institutions adopting robotics in their practices.
Investors should also note that the company entered into a definitive agreement to acquire Intersect ENT (NASDAQ: XENT). This acquisition would expand the company’s portfolio of products used during ear, nose, and throat procedures. Moreover, it will further Medtronic’s efforts to have a positive impact on patients who suffer from chronic rhinosinusitis. Given these exciting developments, would you say that MDT stock will have more room to run?
