Chief executives of some of the most well-known, global diversified industrial firms gathered in Florida late last month at the annual Electrical Products Group conference, where they touched on several broad themes, including robust demand leading to resilient organic growth, the muted impact from tariffs, and strong digitization trends sweeping the industry.
We had the opportunity to press these leaders on issues like portfolio optimization, both from the merger and divestiture side, and we asked what factors lead to strong switching costs in the aftermarket and how differentiated technology intangibles lead to securing a firm's installed equipment or software base. After attending the conference and reviewing our coverage, our top picks among the diversified industrials we cover include DuPont (DD), Emerson Electric (EMR), Johnson Controls International (JCI), and 3M (MMM).
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Keith Schoonmaker does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.