Emerson Elec Co Stock Price, News & Analysis

The board of directors of Emerson (NYSE: EMR) has declared a quarterly cash dividend of $0.515 per share, with a payment date set for September 9, 2022. Shareholders on record as of the close of business on August 12, 2022 will receive this dividend. Emerson, based in St. Louis, Missouri, focuses on providing innovative solutions across various markets including industrial, commercial, and residential sectors.

Emerson (NYSE: EMR) announced the acquisition of Micromine, an end-to-end mining software provider, through its majority-owned subsidiary AspenTech (NASDAQ: AZPN). This strategic move aims to diversify AspenTech's software portfolio into the metals and mining market, supporting digital transformation and sustainability goals. The acquisition underscores Emerson's commitment to building a higher growth and diversified portfolio. Micromine's solutions are utilized at over 2,000 mining sites globally, enhancing operational efficiency across the mining value chain.

Emerson (NYSE: EMR) has joined RE100, a global initiative aiming for 100% renewable electricity, targeting 2030 for full compliance. The company plans to source 25% of its electricity from renewable resources in 2022, leveraging solar, wind, geothermal, and hydropower. Emerson's strategy aims to achieve net zero operations by 2030, with electricity usage accounting for 75% of its Scope 1 and 2 emissions. The engagement with RE100 emphasizes Emerson's commitment to sustainable practices and encourages other businesses to invest in renewable energy.

Aspen Technology, Inc. (NASDAQ: AZPN) has appointed Robert 'Bob' Beauchamp to its Board of Directors, filling the final seat following the recent transaction with Emerson (NYSE: EMR). With over 30 years of experience in industrial technology and M&A, Beauchamp previously served as Chairman and CEO of BMC Software. CEO Antonio Pietri highlighted Beauchamp's leadership credentials as a significant asset for AspenTech's growth and sustainability initiatives. Beauchamp joins the Nominating and Corporate Governance Committee, aiming to leverage AspenTech's expertise in transforming industrial software.

Emerson (NYSE: EMR) is set to release its third-quarter results on August 9, 2022, before market open. This follows the announcement of AspenTech’s financial results on August 8, 2022. An investor conference call will take place on the same day at 9 a.m. ET to discuss the results. Interested parties can access the live call and view presentation materials through Emerson’s investor website, with a replay available for three months thereafter. As a global technology and software company, Emerson focuses on innovative solutions across industrial, commercial, and residential sectors.

Emerson (NYSE: EMR) has partnered with Mitsubishi Power Americas to automate the world’s largest green hydrogen production and storage facility, aiming to optimize renewable energy integration. This facility will use a 220-MW electrolyzer bank to produce up to 100 tons of green hydrogen daily, with storage capacity of 300 GWh in salt caverns. The project aims to enhance renewable energy management, supporting clean electricity generation while reducing costs and improving safety through Emerson’s advanced automation solutions.

Emerson (NYSE: EMR) has announced the acquisition of Fluxa, enhancing its software and technology portfolio in the life sciences sector. This strategic move aims to accelerate the delivery of new therapies, drugs, and vaccines. The acquisition of Fluxa’s PKM™ software, integrated with Emerson’s DeltaV™ control system, is expected to streamline drug development, improving speed and operational integrity. This initiative caters to the growing demand for rapid market introduction of biopharmaceuticals, a need amplified by the COVID-19 pandemic.

Emerson (NYSE: EMR) has partnered with Albioma to convert the Bois Rouge coal-fired power plant on Réunion Island to 100% renewable energy, primarily using biomass wood pellets. This multi-million-dollar project is expected to reduce greenhouse gas emissions by 640,000 tons of CO₂ equivalent annually, marking an 84% decrease in direct emissions. The project will utilize Emerson's advanced automation and software technologies, and is projected to be completed within five months, starting in June 2022.

Emerson has partnered with Fintoil and Neste Engineering Solutions to implement automation technology at the world's third-largest crude tall oil biorefinery in Hamina-Kotka, Finland. This facility aims to produce advanced biofuels and biochemical feedstocks, significantly reducing carbon emissions. Emerson's solutions, including the DeltaV control system, are expected to enhance operational efficiency and align with sustainability goals. The project emphasizes reduced energy consumption, aiming for an annual capacity of 200,000 tons, which could lower CO₂ emissions by 400,000 tons.