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Rockwell Automation Inc. Announces $1 Billion Share Buyback

Milwaukee-based Rockwell Automation Inc. recently announced a $1 billion share buyback or stock repurchase, a move many associate with an attempt to boost the prices of shares while also rewarding shareholders.

Chief Executive Keith Nosbusch said in a statement, “Our solid financial position and sustainable cash generation enable us to continue our strong track record of returning cash to shareowners while investing in the business and pursuing strategic acquisitions.”

In fact, Rockwell Automation has returned $2 billion to shareholders through dividends and share repurchases in the past four fiscal years alone!

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This entry was posted on June 5th, 2014 and is filed under Automation. Both comments and pings are currently closed.

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