Rockwell Automation ($ROK) CEO Blake Moret purchased 4,000 shares for approximately $1.55 million through a family trust on November 9. The purchase followed the company’s fiscal fourth-quarter earnings release, with shares down approximately 14% over six months despite Monday’s rebound.
- Moret paid a weighted-average price of approximately $386.36 per share. His family trust held 99,285 shares after the purchases and a separate 700-share option exercise.
- Shares closed Monday at $389.36, up 3.59%. The stock had fallen sharply around the November 5 earnings announcement.
- Rockwell reported quarterly adjusted earnings of $3.88 per share, up 16% year over year. Reported sales increased 1%, while organic sales rose 3%.
- A customer tariff-refund program reduced both reported and organic sales growth by approximately four percentage points.
- For fiscal 2027, Rockwell forecast organic sales growth of 6%–9% and adjusted earnings of $14.50–$15.50 per share.
Relevant Companies
- Rockwell Automation ($ROK): Its CEO increased his family trust’s holdings following the quarterly results.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
