Emerson Launches DeltaV PK Controller For Process Industries
Zacks Investment Research | Sep 13, 2017 10:14PM ET
Emerson Electric Company (NYSE:EMR) recently introduced the DeltaV PK Controller, which will enable fast-growth industries to access the advanced automation of its DeltaV distributed control system (“DCS”). This is the process industry’s first controller that enables manufacturers to scale down for skid units as well as scale up to merge it into their DeltaV DCS.
The company stated that the advanced controller offers scalable automation control to all process industries, mainly in the life sciences, petrochemical, oil and gas as well as discrete manufacturing industries. The DeltaV PK Controller would enhance safety, performance, and efficiency of the overall process by eliminating operational complexities. The advanced features in the controller enhance connectivity at every stage and also allow plants to realize operational benefits of cloud-based tools and analytics through the IIoT (Industrial Internet of Things).
Emerson has a solid reputation for launching new products and technologies to gain a competitive advantage over peers. Especially, the company’s operating arm Emerson Process Management proactively launches new products to broaden customer base and gain market traction. Some of the noteworthy products launched include Plantweb digital ecosystem, a scalable portfolio of standards-based hardware, intelligent devices and services for securely implementing the IIoT, along with the latest version of its reservoir characterization and modeling software.
Recently, Emerson has reshuffled and streamlined businesses, which is expected to optimize operational structure and bolster profits. Favorable trends in power and life sciences along with improving MRO spending by oil and gas customers is also anticipated to boost growth for the Automation Solutions segment.
We believe selected investment opportunities along with positive trends in certain business areas offer this Zacks Rank #3 (Hold) company modest growth opportunities.
However, shares of this Zacks Rank #3 (Hold) stock yielded a return of 1.7% in the last six months, underperforming 2% growth recorded by the Original post
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