Rockwell Automation, Inc. (ROK)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Rockwell Automation, Inc. (ROK) (“Rockwell” or the “Company”)(NYSE: ROK). Investors who purchased Rockwell securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Rockwell and certain of its officers and/or directors have violated federal securities laws.
On May 3, 2022, Rockwell announced results for the second fiscal quarter ended March 31, 2022. Among other items, Rockwell reported net income of $53.9 million or $0.46 per share, compared to $415 million, or $3.54 per share, for the same period in the prior year. Rockwell also announced that it was reducing its fiscal year 2022 outlook, lowering reported sales growth from a range of 16% to 19% down to a range of 11% to 15%. Rockwell attributed the guidance reduction to supply chain restraints. On this news, Rockwell’s stock price fell $36.30 per share, or 14.52%, to close at $213.74 per share on May 3, 2022.
If you are aware of any facts relating to this investigation or purchased Rockwell shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.