Emerson Electric Co

EMR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$732.00	Lyhx	Qyzxgphf

Emerson Earnings: Strong Quarter Doesn't Alter Long-Term View; Demand Remains Strong

Joshua Aguilar

Aug 2, 2023

Wide-moat-rated Emerson Electric had a strong fiscal third quarter. That said, nothing materially alters our long-term point of view. We lift our fair value estimate to $105 from $103, but the raise is due to time value of money. Our forecast remains essentially unchanged, though there were some puts and takes in our full-year 2023 figures that mostly canceled one another out.

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