Emerson & HID Global To Offer Healthcare Monitoring Solution

Emerson Electric Co. (NYSE:EMR) recently teamed up with HID Global to boost environmental healthcare monitoring capabilities for the healthcare industry. The partnership will leverage Emerson’s proficiency in environmental monitoring and cold chain capabilities, along with HID Global’s connected health systems and Internet of Things (IoT) solutions, enabled by Bluvision. The solution will offer suitable temperature for life-saving vaccines, medications and other healthcare specimens.

It will provide healthcare providers with an advanced medical-grade temperature monitoring capability by combining audit trails, automated alerts, condition monitoring as well as location services with the help of IoT. Notably, the combination of Emerson’s environmental monitoring sensors and HID Global’s Bluetooth Low-Energy network will enable healthcare providers to effectively manage temperature-sensitive assets.

As a matter of fact, the monitoring solution will supplement the work of hospitals by improving quality of care, patient safety as well as pharmacy workflows. In addition, it will enable more advanced capabilities like the construction of Health System Digital Twins.

Emerson is well positioned to benefit from favorable global industrial end markets, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. Going forward, continued robust demand in residential air conditioning and professional tools markets are likely continue driving the company's Commercial & Residential Solutions business revenues.

Also, Emerson believes that broad-based demand across most key markets, strong Maintenance, Repair and Operations projects as well as ongoing small to mid-sized brownfield and expansion projects will bolster revenues of its Automation Solutions segment. The company currently predicts its aggregate underling sales growth for fiscal 2019 (ending September 2019) in the range of 4-7%.

In the past three months, this Zacks Rank #3 (Hold) stock has yielded 1% return against the industry’s decline of 0.8%.

However, material cost inflation remains a cause of concern. In the first-quarter fiscal 2019 (ended December 2018), unfavorable mix and material inflation hurt margins of the company's Commercial & Residential Solutions segment by around 50 basis points. Emerson expects inflation environment to persist even in the quarters ahead.

Stocks to Consider

Some better-ranked stocks from Zacks Industrial Products sector are Pioneer Power Solutions, Inc. (NASDAQ:PPSI) , Colfax Corporation (NYSE:CFX) and Cintas Corporation (NASDAQ:CTAS) . All these companies carry a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Pioneer Power Solutions delivered average earnings surprise of 208.48% in the trailing four quarters.

Colfax pulled off average positive earnings surprise of 8.88% in the trailing four quarters.

Cintas delivered average earnings surprise of 6.81% in the trailing four quarters.

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