Rockwell Automation Board of Directors Approves $1 Billion Common Stock Repurchase

Rockwell Automation (NYSE:ROK), the world’s largest company focused on industrial automation and digital transformation, today announced that its Board of Directors has authorized the company to spend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization issued on May 2, 2022 to repurchase up to $1 billion of common stock, of which approximately $353 million remained as of September 5, 2024.

“We remain committed to delivering value to our shareholders,” said Blake Moret, chairman and CEO of Rockwell Automation. “Over the past five years, we have returned nearly $4.7 billion to shareholders through dividends and share repurchases, a testament to our strong financial position and our focus on disciplined capital allocation.”