EMERSON ELECTRIC CO (EMR)

Emerson Electric Co. is a global technology and software company that provides automation solutions for a wide range of end markets. Its automation portfolio helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and meet sustainability goals. Incorporated in Missouri in 1890, the company has grown through internal growth and acquisitions, and in recent years has reshaped its portfolio into what it describes as a more cohesive, higher growth, higher margin industrial technology business. Key actions include the March 2025 purchase of the remaining AspenTech shares for about $7.2 billion, the October 2023 acquisition of National Instruments for an equity value of $8.2 billion, the May 2023 sale of a majority stake in Climate Technologies (now Copeland) to Blackstone funds, with its remaining 40 percent interest and note receivable sold in August 2024, and the October 2022 sale of InSinkErator to Whirlpool for $3.0 billion.

Emerson reports six segments in two business groups. Intelligent Devices includes Final Control (control, isolation, shutoff and pressure relief valves, actuators and regulators under brands such as Fisher, Keystone and Anderson Greenwood), Measurement & Analytical (instrumentation for pressure, temperature, level, flow and other properties under brands such as Rosemount and Micro Motion), Discrete Automation (solenoid and pneumatic valves, cylinders, air preparation equipment, linear motion, programmable automation control systems, electrical distribution and materials joining under brands such as ASCO, Aventics and Branson), and Safety & Productivity (pipe-working, electrical and other professional tools under brands such as RIDGID, Greenlee and Klauke). Software and Control includes Control Systems & Software (distributed control, safety instrumented and SCADA systems, application software, digital twins, asset performance management and cybersecurity under brands such as DeltaV and Ovation, plus AspenTech asset optimization software) and Test & Measurement (the former NI, offering software-connected automated test and measurement systems, modular instrumentation, data acquisition and development software). Backlog was about $8.6 billion at September 30, 2025, with roughly 75 percent expected to be recognized as revenue within 12 months.

Emerson serves process industries (chemical, power and renewables, energy), hybrid industries (life sciences, metals and mining, food and beverage, pulp and paper) and discrete industries (automotive, medical, packaging, semiconductor), as well as professionals and homeowners through its tools business. In 2025, sales by destination were 51 percent Americas, 30 percent Asia, Middle East & Africa (China 10 percent) and 19 percent Europe. The main sales channel is a direct sales force, supplemented by independent sales representatives and, to a lesser extent, independent distributors.

Key raw materials include steel, cast iron, electronics, rare earth metals, aluminum and brass, and to a lesser extent plastics and petroleum-based chemicals; the company seeks multiple sources of supply to avoid dependence on any one supplier. R&D, engineering and customer-funded engineering spending was 8.1 percent of sales in 2025. Emerson competes in highly competitive markets on product performance, quality, brand, service and price, and no single competitor matches its full range of product lines; some rivals have greater resources. It relies on a portfolio of patents, trademarks and licenses without depending on any single one, and had approximately 71,000 employees at September 30, 2025.