Emerson Electric Co
EMR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$399.00 | Fqkg | Ldxkwyrqv |
Emerson: Maintaining $115 Fair Value Estimate After Announced Sale of Remaining Copeland Interest
We are maintaining our $115 fair value estimate for wide-moat-rated Emerson after the company announced the sale of its remaining interest in the Copeland joint venture, formerly the climate technologies business, to Blackstone for roughly $3.5 billion. Management expects the deal to close in the second half of 2024.