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Emerson Launches DeltaV PK Controller for Process Industries
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Emerson Electric Company (EMR - Free Report) recently introduced the DeltaV PK Controller, which will enable fast-growth industries to access the advanced automation of its DeltaV distributed control system (“DCS”). This is the process industry’s first controller that enables manufacturers to scale down for skid units as well as scale up to merge it into their DeltaV DCS.
The company stated that the advanced controller offers scalable automation control to all process industries, mainly in the life sciences, petrochemical, oil and gas as well as discrete manufacturing industries. The DeltaV PK Controller would enhance safety, performance, and efficiency of the overall process by eliminating operational complexities. The advanced features in the controller enhance connectivity at every stage and also allow plants to realize operational benefits of cloud-based tools and analytics through the IIoT (Industrial Internet of Things).
Emerson has a solid reputation for launching new products and technologies to gain a competitive advantage over peers. Especially, the company’s operating arm Emerson Process Management proactively launches new products to broaden customer base and gain market traction. Some of the noteworthy products launched include Plantweb digital ecosystem, a scalable portfolio of standards-based hardware, intelligent devices and services for securely implementing the IIoT, along with the latest version of its reservoir characterization and modeling software.
Recently, Emerson has reshuffled and streamlined businesses, which is expected to optimize operational structure and bolster profits. Favorable trends in power and life sciences along with improving MRO spending by oil and gas customers is also anticipated to boost growth for the Automation Solutions segment.
We believe selected investment opportunities along with positive trends in certain business areas offer this Zacks Rank #3 (Hold) company modest growth opportunities.
However, shares of this Zacks Rank #3 (Hold) stock yielded a return of 1.7% in the last six months, underperforming 2% growth recorded by the industry. Moreover, the company believes that sluggish economic conditions, recession and prolonged softness in the oil and gas markets may take a turn for the worse on account of global economic uncertainty. Such tough economic conditions and dwindling order numbers do not bode well for the company’s performance in the upcoming quarters.
McKinnon Corporation has surpassed estimates twice in the trailing four quarters, with an average positive earnings surprise of 10.7%.
AGCO Corporation has outpaced estimates in the preceding four quarters, with an average earnings surprise of 39.7%.
Alarm.com has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 73.1%.
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Emerson Launches DeltaV PK Controller for Process Industries
Emerson Electric Company (EMR - Free Report) recently introduced the DeltaV PK Controller, which will enable fast-growth industries to access the advanced automation of its DeltaV distributed control system (“DCS”). This is the process industry’s first controller that enables manufacturers to scale down for skid units as well as scale up to merge it into their DeltaV DCS.
The company stated that the advanced controller offers scalable automation control to all process industries, mainly in the life sciences, petrochemical, oil and gas as well as discrete manufacturing industries. The DeltaV PK Controller would enhance safety, performance, and efficiency of the overall process by eliminating operational complexities. The advanced features in the controller enhance connectivity at every stage and also allow plants to realize operational benefits of cloud-based tools and analytics through the IIoT (Industrial Internet of Things).
Emerson has a solid reputation for launching new products and technologies to gain a competitive advantage over peers. Especially, the company’s operating arm Emerson Process Management proactively launches new products to broaden customer base and gain market traction. Some of the noteworthy products launched include Plantweb digital ecosystem, a scalable portfolio of standards-based hardware, intelligent devices and services for securely implementing the IIoT, along with the latest version of its reservoir characterization and modeling software.
Recently, Emerson has reshuffled and streamlined businesses, which is expected to optimize operational structure and bolster profits. Favorable trends in power and life sciences along with improving MRO spending by oil and gas customers is also anticipated to boost growth for the Automation Solutions segment.
We believe selected investment opportunities along with positive trends in certain business areas offer this Zacks Rank #3 (Hold) company modest growth opportunities.
However, shares of this Zacks Rank #3 (Hold) stock yielded a return of 1.7% in the last six months, underperforming 2% growth recorded by the industry. Moreover, the company believes that sluggish economic conditions, recession and prolonged softness in the oil and gas markets may take a turn for the worse on account of global economic uncertainty. Such tough economic conditions and dwindling order numbers do not bode well for the company’s performance in the upcoming quarters.
Stocks to Consider
Some better-ranked stocks from the same space are Columbus McKinnon Corporation (CMCO - Free Report) , AGCO Corporation (AGCO - Free Report) and Alarm.com Holdings, Inc. (ALRM - Free Report) . While McKinnon Corporation and AGCO Corporation sport a Zacks Rank #1 (Strong Buy), Alarm.com carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
McKinnon Corporation has surpassed estimates twice in the trailing four quarters, with an average positive earnings surprise of 10.7%.
AGCO Corporation has outpaced estimates in the preceding four quarters, with an average earnings surprise of 39.7%.
Alarm.com has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 73.1%.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
See these buy recommendations now >>