Emerson Doubles Down on Automation: $3.5B Copeland Sale Fuels Strategy Shift
Emerson Electric to sell remaining stake in Copeland joint venture for $3.5 billion, plans to use proceeds to reduce debt and focus on automation market.
Blackstone To Grant Equity To Rank-And-File Employees At US Buyouts: Report
Blackstone is set to grant equity to employees at its U.S. buyout companies, expanding ownership beyond management. Announced at an investor conference, this plan covers new acquisitions and starts with the 18,000 employees of Copeland. To qualify, employees must stay until Blackstone sells or goes public. This initiative follows industry trends promoting broader employee ownership.
These 10 Large Cap Stocks Shined Brightest Last Week (May 5-May 11, 2024): Are They In Your Portfolio?
Toast, Teva, Vistra, Equinix, Applovin, IFF, Constellation, Emerson, IP, and STERIS were top performers last week. Are they in your portfolio?
Expert Outlook: Emerson Electric Through The Eyes Of 9 Analysts
Emerson Electric (NYSE:EMR) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from…
Trade Desk To Rally Around 28%? Here Are 10 Top Analyst Forecasts For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst…
These Analysts Revise Their Forecasts On Emerson Electric Following Q2 Results
Emerson Electric Co (NYSE:EMR) posted better-than-expected results for its second quarter. Emerson Electric reported second-quarter FY24 net sales…
Dow Gains 150 Points; Emerson Electric Earnings Top Views
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining over 150 points…
Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What’s Driving Wednesday’s Market?
Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York.
Emerson Electrifies Q2 With Earnings Beat, Tightens FY Sales Growth Outlook
Emerson Electric Co (EMR) reported 17% net sales growth in Q2 FY24, beating expectations. Adjusted EPS improved by 25%, and dividend declared.
Emerson Electric Q3 Outlook: Adj. EPS $1.38-$1.42 Vs. $1.44 Estimate, Revenue Growth 11%-12.5% Vs, $4.50B Estimate
2024 Outlook
The following tables summarize the fiscal year 2024 guidance framework. The 2024 outlook assumes approximately $500 million returned to shareholders through share repurchases and approximately $1.2 billion