Industrial Equipment and Components

Individual company worksheets may be downloaded by simply clicking on the company name.

Emerson Electric Company
There are just some things that catch your eye and in the case of Emerson it was the $4.1billion spent on Business Acquisitions over the past five years. What caught my eye was that in return for spending $4.1billion, Sales over the same period decreased by 38% and Earnings Per Share fell by 46%. To add insult to injury, the company ended FY 2017 with $5.3billion of Goodwill on its books, meaning the company has been overpaying for its acquisitions, acquisitions that have lead to a decline in sales growth and a decline earnings growth. Maybe what needs to be sold here is management. Considering the company’s financial performance, I’m fairly certain nobody would overpay for them.

Emerson Electric Company (NYSE: EMR) – FYE 09/2017 – FAIRLY VALUED – The stock is currently trading in line with my $41 fair value estimate – Please See Linked Worksheet

EnPro Industries, Inc. (NYSE: NPO) – FYE 12/2016

Parker Hannifin Corporation (NYSE: PHI) – FYE 06/2015

Pentair plc (NYSE: PNR) – FYE 12/2016

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.