Emerson Electric Company (EMR - Free Report) recently launched the Rosemount 8712EM Wall Mount Magnetic Flow Meter Transmitter, with powerful diagnostic capabilities and usability features. This latest transmitter is designed to help users in the metals and mining, water and wastewater as well as other industries to achieve easier and faster insight into their processes.
The Rosemount 8712EM’s diagnostic suite features high process noise detection as well as ground fault detection capabilities. In fact, its electrode coating diagnostic produces two set points that alerts when coating is present and disturbs the flow measurement. Its Smart Meter Verification ensures ultimate measurement confidence by consistently monitoring the health and performance of the meter. Further, the products’ universal transmitter capability supports the operation of the 8712EM, with any existing magnetic flow meter sensor, permitting backwards compatibility with all Rosemount magnetic sensors.
Separately, Emerson’s “Synthesis” order-to-cash software was recently selected by Pin Oak Terminals — a hydrocarbon liquids storage and logistics terminal, based in Louisiana. The integration of the enterprise-level logistics solution with the terminal’s back office, commercial and operational data will enable the facility to enhance asset availability as well as reduce operational costs.
Existing Business Scenario
Emerson is well positioned to benefit from the global infrastructure growth, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. Moreover, environmental regulations are driving the need for new products, adding to the company’s strength. We believe selected investment opportunities coupled with positive trends in certain business areas offer the company decent growth opportunities. In the past three months, this Zacks Rank #2 (Buy) company has returned 5.9%, significantly outperforming the industry’s gain of 1.3%.
Meanwhile, the company remains optimistic about its Commercial & Residential Solutions segment as it is witnessing improving trends in the United States, Europe and Asian construction markets. Also, thriving Heating Ventilation and Air-Conditioning refrigeration markets and construction-related demand in key end markets is likely to prove conductive to its top-line performance. At the Automation Solutions segment, favorable trends in power and life sciences and improving MRO demand is expected to boost growth.
Furthermore, the company’s solid reputation for launching new products and technologies presents competitive advantage over its peers. This apart, Emerson has a solid history of clinching lucrative contracts in the energy infrastructure, which is impressive. We anticipate that such lucrative contract wins will remain a key growth driver, going ahead.
Other Stocks to Consider
Some other stocks worth considering from the same space include Applied Industrial Technologies, Inc. (AIT - Free Report) , Cimpress N.V (CMPR - Free Report) and Cintas Corporation (CTAS - Free Report) . While Applied Industrial Technologies and Cimpress sport a Zacks Rank #1 (Strong Buy), Cintas carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial Technologies has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 11%.
Cimpress has outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 65.2%.
Cintas has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 8.2%.
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