WHR - Emerson Electric: Performing After The Dust Has Settled

2024-04-15 03:54:09 ET

Summary

• Emerson Electric has undergone a transformation, focusing on higher growth and higher margin businesses through acquisitions and divestitures.
• After a string of deals, it has become more calm on the corporate front, as the strategy is now visible in the results and growth.
• Emerson's strong first quarter of 2024 and increased guidance indicate that the company has made the right moves and deserves its premium valuation.

About a year ago, I wondered if Emerson Electric ( EMR ) was the "winner" in the bidding race for National Instruments. This acquisition was the latest in a number of substantial M&A actions (both on the buy and sell side) which created a lot of moving parts....

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