Emerson Electric

Management executed a coherent reshaping: divested legacy consumer/HVAC assets (InSinkErator and Climate Technologies/Copeland), completed NI in 2023 and fully acquired AspenTech in March 2025 to concentrate on automation software and systems.

Shareholder returns mix dividends with opportunistic buybacks; treasury stock purchases were about 1.2 billion in fiscal 2025 and the fiscal 2026 plan includes about 1.0 billion of repurchases. The dividend was raised 5 percent to 0.555 per quarter in November 2025, continuing a multi‑decade streak.

Strategic M&A has been sizable but thesis‑consistent, and integration synergies are evident in rising adjusted margins. Dilution from stock‑based compensation is modest relative to repurchases, with diluted share count trending down.