Emerson's Wide-Moat Process Automation Portfolio Is in High Demand Amid US Construction Renaissance
In our view, Emerson Electric is the undisputed powerhouse in process manufacturing on the west side of the Atlantic. We believe the firm is poised for several years of positive organic growth on the heels of secular trends driving the adoption of factory automation products, such as rising global safety standards and the widening shortage of skilled labor. Even as Emerson holds either first or second share in a variety of product categories, established firms’ market share remains somewhat fragmented, suggesting a large runway for growth. We believe automation can add more to a manufacturing firm’s bottom line than most other investments, and we expect predictive analytics to augment these results.
United States