Rockwell Automation shares edge up after board approves $1 bln stock buyback

Shares of Rockwell Automation Corp. ROK, +0.07% rose in Thursday’s extended session after the company’s board authorized a new stock buyback program of up to $1 billion. Rockwell still has about $245 million remaining from a plan approved in January. Shares rose 0.2% after hours and are down 7.3% year to date compared with the S&P 500’s SPX, -0.37% 7.7% gain.

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