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Emerson Electric Co.

EMR 7

Specialty Industrial Machinery · 89.0B market cap · site

Price and target zones价格与目标区间

$151.81
$105–118 entry买入52wk52周 $123–$165-8% off the high距高点

What the company does公司做什么

Emerson Electric builds the instruments and control systems that run large industrial plants, such as oil refineries, chemical plants, and power stations. Its sensors measure things inside a plant, like pressure, temperature, and how fast liquid or gas moves through a pipe. Its valves open and close to start, stop, or adjust that flow. Its software links every sensor and valve together and runs the whole plant on its own, so the plant stays safe and efficient. Emerson sells to companies that build and run plants and factories, not to everyday shoppers.Emerson Electric生产运行大型工业厂区的仪表和控制系统,比如炼油厂、化工厂和发电站。它的传感器测量厂里的各种数据,比如压力、温度,以及液体或气体在管道里流动的快慢。它的阀门通过开关来启动、停止或调节这些流动。它的软件把每个传感器和阀门连在一起,自动运行整个厂区,让厂区保持安全和高效。Emerson卖给建造和运行厂区、工厂的公司,而不是普通消费者。

Earns from营收来源 Emerson sells this equipment and software up front, then earns steady follow-on money for decades from spare parts, software licenses, and service contracts.Emerson先把这些设备和软件一次性卖出去,然后靠备件、软件授权和服务合同,几十年里持续赚取稳定的后续收入。

Read the full description查看完整介绍

Emerson Electric Co., a technology and software company, provides various solutions in the Americas, Asia, the Middle East, Africa, and Europe. It operates through Final Control, Measurement & Analytical, Discrete Automation, Safety & Productivity, Control Systems & Software, and Test & Measurement segments. The Final Control segment provides control valves, isolation valves, shutoff valves, pressure relief valves, pressure safety valves, actuators, and regulators for process and hybrid industries under Anderson Greenwood, Bettis, Crosby, Fisher, Keystone, KTM, and Vanessa brands. The Measurement & Analytical segment supplies intelligent instrumentation measuring the physical properties of liquids or gases, such as pressure, temperature, level, flow, acoustics, corrosion, pH, conductivity, water quality, toxic gases, and flame under the Flexim, Micro Motion, and Rosemount brands. The Discrete Automation segment includes solenoid valves, pneumatic valves, valve position indicators, pneumatic cylinders and actuators, air preparation equipment, pressure and temperature switches, electric linear motion solutions, programmable automation control systems and software, electrical distribution equipment, and materials joining solutions used primarily in discrete industries under the Afag, Appleton, ASCO, Aventics, Branson, Movicon, PACSystems, SolaHD, TESCOM, and TopWorx brands. The Safety & Productivity segment delivers tools for professionals and homeowners that support infrastructure, promote safety, and enhance productivity under the Greenlee, Klauke, ProTeam, and RIDGID brands. The Control Systems & Software segment provides control systems and software that control plant processes by collecting and analyzing information from measurement devices in the plant under the DeltaV and Ovation brands. The Test & Measurement offers software-connected automated test and measurement systems. The company was incorporated in 1890 and is headquartered in Saint Louis, Missouri.

What the company sells公司卖什么share of revenue营收占比

Final Control终端控制

24%

This group makes valves and the motors that open and close them. A plant uses them to start, stop, or adjust the flow of liquid, gas, or steam inside a pipe.这个部门制造阀门以及开关阀门的电机。工厂用它们来启动、停止或调节管道内液体、气体或蒸汽的流动。

Fisher control valvesFisher 控制阀
valves that a plant turns to set how much liquid or gas flows through a pipe.工厂用来设定管道内多少液体或气体流过的阀门。
Bettis actuatorsBettis 执行机构
the motor that turns a valve open or shut on a signal from the plant's control system.在工厂控制系统发出信号时,把阀门转动开或关的电机。

Measurement & Analytical测量与分析

23%

This group makes sensors that tell a plant what is happening inside its pipes and tanks, so operators and software can react.这个部门制造传感器,告诉工厂它的管道和储罐里正在发生什么,好让操作员和软件做出反应。

Rosemount transmittersRosemount 变送器
sensors that read pressure, temperature, or tank liquid level and send the number to the control room.读取压力、温度或储罐液位、并把数值发送到控制室的传感器。
Micro Motion flow metersMicro Motion 流量计
devices that measure how much liquid or gas passes through a pipe, for billing and process control.测量多少液体或气体流过管道的设备,用于计费和过程控制。

Control Systems & Software控制系统与软件

23%

This group sells the software that runs an entire plant. It gathers readings from every sensor, works out the best setting for each valve and motor, and adjusts them automatically.这个部门销售运行整座工厂的软件。它汇总每个传感器的读数,算出每个阀门和电机的最佳设置,并自动进行调节。

DeltaV
a control system that runs an entire chemical or power plant from one control room.一套从一个控制室运行整座化工厂或电厂的控制系统。
AspenTech softwareAspenTech 软件
software that models a plant on a computer, so engineers can test a change before making it for real.在电脑上对工厂建模的软件,让工程师能在真正动手之前先测试一项改动。

Discrete Automation离散自动化

14%

This group makes parts that move, assemble, and join products on a factory line, rather than parts for a chemical process.这个部门制造在工厂生产线上移动、组装和连接产品的零件,而不是用于化工流程的零件。

ASCO solenoid valvesASCO 电磁阀
small electric valves that switch air or gas flow on and off inside a machine.在机器内部开关空气或气体流动的小型电动阀。
Branson weldersBranson 焊接机
machines that use heat or sound waves to join plastic parts on an assembly line.利用热量或声波在装配线上连接塑料件的机器。

Safety & Productivity安全与生产力

8%

This group makes hand tools that keep tradespeople safe and productive on a job site, away from the plant floor.这个部门制造手工工具,让技工在工地上(而不是工厂车间里)保持安全和高效。

RIDGID toolsRIDGID 工具
pipe wrenches and drain-cleaning tools that plumbers use on the job.水管工在工作中使用的管钳和通下水道工具。
Greenlee toolsGreenlee 工具
tools that electricians use to cut, bend, and pull electrical wire.电工用来切割、弯曲和拉拽电线的工具。

Test & Measurement测试与测量

8%

This group, sold under the National Instruments name, makes equipment that engineers use to test new products before sale.这个部门以 National Instruments 的品牌销售,制造工程师在产品出售前用来测试新产品的设备。

National Instruments test systemsNational Instruments 测试系统
hardware and software that checks whether a new car part, computer chip, or aircraft part works as designed.检查一个新汽车零件、计算机芯片或飞机部件是否按设计正常工作的硬件和软件。

Company facts公司资料

Founded成立时间
1890
Headquarters总部
Saint Louis, Missouri
Employees员工人数
71,000
Industry行业
Specialty Industrial Machinery
Country国家
United States

Investment thesis投资逻辑 from the watchlist来自关注列表

📋 69-year Dividend King. 21.2x fwd, 1.49% yield. Entry $105-118. Ran +12%.

📋 69 年股息之王。 21.2x 前瞻,1.49% 股息率。入场 $105-118。已上涨 +12%。

Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动

Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例

Gross profit毛利润
53%
Operating profit营业利润
24%
Net profit净利润
13%

of every $1 of revenue每 $1 营收中的占比

Return on equity净资产收益率
12%
Revenue growth营收增长
+3%
Dividend yield股息率
1.43%

Competitors竞争对手

HoneywellSiemensABBSchneider ElectricRockwell Automation

Why customers stay客户为什么留下

once a plant wires its safety and control system to Emerson's software, switching to a rival risks a costly shutdown, so customers keep buying from Emerson for decades.一座厂区一旦把它的安全和控制系统接到Emerson的软件上,换成别家就有代价高昂的停产风险,所以客户几十年里都持续从Emerson购买。

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