Premium industrial goods company Emerson Electric Co. EMR continues to drive commercial growth on the back of strategic innovations. Recently, the company’s Process Management business unit announced that its Rosemount 8800 Vortex Flowmeters and Micro Motion Coriolis has secured the certification of B31.3 Process Piping design standard as well as American Society of Mechanical Engineers (‘ASME’) B31.1 Power Piping design standard.
The company’s Rosemount 8800 Vortex Flowmeters and Micro Motion Coriolis help to take reliable and accurate measurements in a wide range of power-related applications, thereby enhancing efficiency and performance of electricity generators.
Emerson Electric is a diversified global manufacturing and technology company. It offers a wide range of products and services in areas like process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies and industrial automation. The company’s Process Management operating system provides intelligent control systems & software, measurement instruments, and valves in the market. We believe the new certification would enhance customers’ confidence in the company’s products, thus improving its brand value in the market.
Troubled by certain business issues, Emerson Electric currently holds a Zacks Rank #5 (Strong Sell). Reduction of customer expenditure in the oil & gas market and appreciation of the U.S. currency had adversely affected the company’s earnings and revenues in second-quarter fiscal 2015. Moreover, Emerson Electric anticipates these issues to persist and continue depressing its financial performance in the upcoming quarters as well.
Better-ranked stocks in the industry include II-VI Incorporated IIVI, Albany International Corp. AIN and Global Brass and Copper Holdings, Inc. BRSS. While II-VI Incorporated sports a Zacks Rank #1 (Strong Buy), both Albany International Corp. and Global Brass and Copper Holdings carry a Zacks Rank #2 (Buy).
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