Emerson Electric Co
EMR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ^!% | LOCK|N$t | LOCK|NNJ#&@c |
Emerson Earnings: Strength in Process Automation Outweighs Weakness in Discrete
Emerson experienced a solid fiscal fourth quarter, delivering around 6% top-line growth excluding its National Instruments acquisition. Gross margin for fiscal 2024 also rose significantly, crossing above 50% for the first time. We’ve raised our fair value estimate nearly 8% to $111 per share from $103 to reflect our more bullish outlook on Emerson’s margin profile. We'll revisit our fair value estimate for Emerson after the 10-K is released and we update our model.
