Rockwell Automation, Inc. (NYSE:ROK) VP Scott Genereux sold 279 shares of the companys stock in an average price of $296.13 on December 5th. This transaction represents an 8.80% decrease in their ownership of the stock. The companys quarterly revenue was down 20.6% on a year-over-year basis. The Board of Directors has initiated a stock buyback plan that authorizes the company to repurchase $1.00 billion in outstanding shares. Shares of Rockwell Automated fell by $1:72 on Friday, with the company trading down $1,72.38. The stock has a market cap of $33.35 billion and a price-to-earnings ratio of 35.67.
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