Rockwell Automation sees increased institutional investment, raises dividend, and initiates stock buyback program.

Bank of Montreal Can and several other institutional investors have increased their stock positions in Rockwell Automation (NYSE:ROK). The company recently reported earnings of $2.47 per share, exceeding analyst expectations. Rockwell Automation has initiated a $1 billion stock buyback program and raised its quarterly dividend to $1.31 per share. Institutional investors now own 75.75% of the company's stock. Rockwell Automation's market cap is $33.30 billion, with a P/E ratio of 35.62.

November 28, 2024
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