Blake D. Moret Buys $1.5 Million Of Rockwell Automation Shares While Sales Stall
The CEO's purchase adds to holdings worth about $38.7 million as customer project delays constrain growth.
Rockwell Automation President and CEO Blake D. Moret bought $1.5 million of shares Monday in the industrial automation hardware, software and services company, according to an SEC filing. The purchase comes alongside flat quarterly sales and customer project delays, particularly in mining.
4,000 Shares Through A Family Trust
Moret bought 4,000 shares through his family trust at an average price of $386.36 in Monday's transactions. The purchase accounts for about 4% of his reported holdings afterward—not 4% of Rockwell's outstanding stock.
The buying included 1,039 shares at an average $385.59, 2,411 at $386.45 and 550 at $387.44 in Monday's transactions. Separately, Moret exercised options for 700 shares at $136.40 each Monday through the trust; those shares were distinct from his open-market buying.
Moret's reported holdings now total 99,450.092 shares, all held indirectly through the family trust and a company savings plan. They were worth approximately $38.7 million at Monday's close.
Flat Sales, Delayed Mining Projects
Rockwell reported revenue of $2.33 billion for the quarter, unchanged from a year earlier, and adjusted earnings of $3.88 per share. Customer spending delays have constrained growth, with mining projects a particular pressure point.
Moret described those delays as extensions rather than cancellations. He pointed to automotive, discrete manufacturing and data center markets as partial offsets, while management expects the combined semiconductor and data center business to grow about 15%.
ROK shares were down about 3% this year as of Friday's close.
Automation Across Factories And Infrastructure
Rockwell serves manufacturers through Intelligent Devices, Software & Control and Lifecycle Services. Its products range from drives, sensing and safety equipment to factory control systems, visualization tools and digital twin software.
The services business adds digital consulting, cybersecurity, remote monitoring and asset management, and includes the Sensia joint venture. Rockwell's customers span automotive and semiconductors, food and beverage and life sciences, and energy, mining and chemicals; it operates in more than 100 countries.
Management expects customer capital spending to recover gradually in fiscal 2027, along with improvement in recurring software and services revenue and continued investment in digital infrastructure.
Sources
- Form 4 — Blake D. Moret (ROK) — SEC EDGAR
- ROK Q3 CY2026 deep dive: margin expansion and AI-driven segment growth offset flat sales — Yahoo Finance
