STOCK TITAN

Emerson Electric Co. - EMR STOCK NEWS

Welcome to our dedicated page for Emerson Electric Co. news (Ticker: EMR), a resource for investors and traders seeking the latest updates and insights on Emerson Electric Co. stock.

Emerson Electric Co. (NYSE: EMR) is a global leader in automation technology and industrial software solutions. With over 135,000 employees and 235 manufacturing locations worldwide, Emerson focuses on providing integrated, innovative solutions that solve some of the world's most complex challenges.

Emerson operates through two main segments: Intelligent Devices and Software Control. The Intelligent Devices segment includes the company's well-known tools business, featuring household brands like Ridgid, and specializes in process manufacturing solutions with products such as measurement and analytical instrumentation, control valves, and actuators.

The Software Control segment encompasses Emerson's majority interest in AspenTech, a leader in industrial software, and the recently acquired Test and Measurement business, previously known as National Instruments. This segment focuses on hybrid, process, and discrete manufacturers, helping optimize operations, protect personnel, and reduce emissions through innovative software and control systems.

Recent achievements highlight Emerson's commitment to sustainability and technological innovation. For instance, Emerson was chosen by DG Fuels to provide comprehensive automation and project engineering for the production of advanced biofuels, aiding global decarbonization efforts in the transportation sector. Additionally, Emerson's collaboration with SungEel HiTech aims to enhance lithium-ion battery recycling processes, contributing to a more stable supply of battery materials for electric vehicles.

Financially, Emerson continues to demonstrate strong performance. The company recently reported robust results for its first and second quarters of fiscal 2024, exceeding expectations in key financial metrics such as underlying sales, operating leverage, and adjusted earnings per share.

Emerson's forward-looking strategy includes significant investments in shareholder returns, with approximately $500 million allocated for share repurchases and $1.2 billion for dividend payments in 2024. The company also introduced DeltaV™ Workflow Management, a next-generation software designed for life sciences companies, further expanding its capabilities in the automation platform.

For more information about Emerson, its innovative solutions, and latest updates, visit Emerson.com.

Rhea-AI Summary

Tata Elxsi and Emerson have launched the Tata Elxsi + NI Mobility Innovation Centre (TENMIC) in Bengaluru. This center is set to accelerate automotive innovation through advanced systems, software solutions, and expertise. The launch event, held on July 11, 2024, featured senior leaders from global OEMs, automotive suppliers, and semiconductor companies, highlighting the importance of this collaboration.

The facility aims to support the development, validation, and release of new automotive features through a combination of virtual and physical testing, emphasizing automation, data analytics, and AI methodologies. The partnership targets advancements in software-defined vehicles (SDVs), autonomous driving, and electric vehicle (EV) systems.

Both Tata Elxsi and Emerson aim to leverage their combined expertise to drive innovation and create significant value for clients, positioning Bengaluru as a global hub for next-generation automotive development.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
none
-
Rhea-AI Summary

Emerson has released its 2023 Sustainability Report, emphasizing its commitment to net-zero operations and investments in employees and communities. The report highlights a 52% reduction in Scope 1 and 2 greenhouse gas emissions intensity since 2021, and that 49% of the electricity used by Emerson locations now comes from renewable sources.

The company surpassed its energy intensity reduction target, achieving a 41% reduction since 2018. Emerson was named the 2023 ENERGY STAR® Partner of the Year and maintained an A- score from the Carbon Disclosure Project (CDP).

Additionally, Emerson increased leadership representation for women globally and US minorities. The company was also named one of Forbes' 2023 World's Top Employers for Women.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
-
Rhea-AI Summary

Emerson (NYSE: EMR) announced the sale of its remaining 40% interest in the Copeland joint venture to Blackstone for approximately $3.5 billion. The transaction includes $3.4 billion in pre-tax cash proceeds, net of $0.1 billion in future indemnity obligations. This move aims to simplify Emerson's portfolio and boost its focus on automation markets. The deal, unanimously approved by Emerson's Board of Directors, is expected to close in the second half of 2024, subject to regulatory approvals. Emerson plans to use the $2.9 billion after-tax proceeds to pay down debt. The transaction will result in a net pre-tax gain of about $0.2 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
none
Rhea-AI Summary

Emerson announced the election of Calvin Butler, CEO of Exelon, to its Board of Directors, effective August 1, 2024. Butler brings significant operational and leadership experience in the energy industry. The Emerson Board will expand to 12 members, and Butler will serve on the Corporate Governance and Nominating Committee. This move is part of Emerson's ongoing refreshment process to capitalize on energy market opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.89%
Tags
management
-
Rhea-AI Summary

Emerson reported strong second quarter 2024 results with sales growth, margin expansion, and earnings exceeding expectations. The company updated its full-year outlook for fiscal 2024 and declared a quarterly cash dividend of $0.525 per share of common stock. Management highlighted the strength of their portfolio and the Emerson Management System, expressing confidence in delivering value to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.78%
Tags
-
Rhea-AI Summary

Emerson's Test and Measurement business, formerly NI, will host the NI Connect event in Austin, Texas, showcasing innovative NI test and measurement technologies. Key industry leaders will discuss the strategic use of NI technologies in driving innovation and improving business performance. The event will include live demonstrations, educational sessions, and technical workshops to address industry challenges like software complexity and power consumption.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
Rhea-AI Summary
Emerson (NYSE: EMR) is set to release its second quarter 2024 earnings on May 8, 2024. The senior management will discuss the results during an investor conference call at 9 a.m. Eastern Time. Interested parties can listen to the live call and view presentation slides on Emerson's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
-
Rhea-AI Summary
Emerson introduces DeltaV Workflow Management, a next-generation software for life sciences companies, streamlining pharmaceutical development and accelerating speed to market. The software offers scalable options for smaller innovators, providing a cloud-based solution for recipe authoring, execution, and data capture. It simplifies the drug development process, reduces timeline to days, and enhances regulatory compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
-
Rhea-AI Summary
Emerson (EMR) wins the 2024 ENERGY STAR Partner of the Year Award in Energy Management for its commitment to decarbonization. The company reduced emissions intensity by 64% and energy intensity by 41% compared to 2018.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
none
Rhea-AI Summary
Emerson partners with H2 Hauler to enhance hydrogen terminal operations and distribution network with advanced automation technologies, aiming to support the global energy transition towards low-emissions hydrogen.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
none

FAQ

What does Emerson Electric Co. do?

Emerson Electric Co. provides automation technology and industrial software solutions, focusing on optimizing operations and reducing emissions for various industries worldwide.

How many employees does Emerson have?

Emerson has over 135,000 employees globally.

What are the main segments of Emerson's business?

Emerson operates through two main segments: Intelligent Devices and Software Control.

What is Emerson's involvement in sustainability?

Emerson collaborates on projects like advanced biofuels production and lithium-ion battery recycling, contributing to global decarbonization and sustainable practices.

How did Emerson perform financially recently?

Emerson reported strong financial results in the first and second quarters of fiscal 2024, exceeding expectations in key metrics such as sales and earnings per share.

What is DeltaV™ Workflow Management?

DeltaV™ Workflow Management is a next-generation software designed for life sciences companies, offering scalable digital recipe development and execution solutions.

What are Emerson's recent acquisitions?

Emerson recently acquired a majority interest in AspenTech and the Test and Measurement business from National Instruments.

Where can investors find more information about Emerson?

Investors can visit Emerson's Investor Relations website at www.emerson.com/investors for the latest updates and information.

What is Emerson's dividend policy?

Emerson declared a quarterly cash dividend of $0.525 per share of common stock, payable in March and June of 2024.

Who are some of Emerson's notable partners?

Emerson partners with industry leaders like DG Fuels, SungEel HiTech, Air France KLM, Delta, Airbus, and GE Aviation.

Emerson Electric Co.

NYSE:EMR

EMR Rankings

EMR Stock Data

65.56B
572.10M
0.35%
77.94%
1.14%
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Manufacturing
Link
United States of America
ST LOUIS