On May 22, Rockwell Automation rose 3.03% in regular trading, trading at $452.58/share, with trading volume of $187 million. The rally was driven by the company's release of its 11th annual State of Smart Manufacturing Report, which reinforced the firm's positioning at the center of accelerating industrial digitalization trends.

The global survey covered over 1,500 manufacturers across 17 major manufacturing nations. Key findings revealed that 90% of manufacturers now consider digital transformation essential to maintaining competitiveness, signaling that the industry has moved beyond debating adoption toward scaled deployment. CEO Blake Moret noted that manufacturers face unprecedented operational complexity and that leading companies are elevating digital transformation to a core operational priority, integrating technology, people, and processes to drive better decisions and resilience.

The broader Electrical Components & Equipment sector traded positively, with Generac up 8.16%, Eaton up 2.64%, Hubbell up 2.17%, Vertiv Holdings up 1.99%, and FuelCell up 0.23%.

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