MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) today announced that it has increased the Company’s share repurchase target for Fiscal Year 2018 to $1.5 billion. This represents a $300 million increase to the Company’s previous plans to repurchase $1.2 billion in fiscal year 2018.
Blake D. Moret, Chairman and Chief Executive Officer, commented, "Our decision to increase our share repurchase target for 2018, together with our strategic investment in PTC announced earlier today, reflects our commitment to value-creating capital allocation. Our Connected Enterprise strategy generates strong, sustainable cash flow, which we will continue to use for reinvestment in the business, acquisitions, dividends, and share repurchases.”
About Rockwell Automation (NYSE: ROK)
Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs approximately 22,000 people serving customers in more than 80 countries.
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