Cramer Calls Emerson (EMR) the 'Most Attractive Industrial Automation Company Around'

November 12, 2008 10:32 AM EST
Get Alerts EMR Hot Sheet
Price: $163.17 -0.29%

Rating Summary:
    26 Buy, 20 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Remaining focused on high-yielding dividend plays, Cramer highlighted Emerson Electric (NYSE: EMR) on last night's Mad Money. Cramer called Emerson stock "the most attractive industrial automation company around" given that its stock has fallen about 40% from its highs.

Emerson's 4.1% dividend yield, "couldn't be safer", according to Cramer, pointing out that Emerson has paid and raised its dividend for 52 straight years. Jim also noted Emerson's recently reported better-than-expected Q4 earnings.

Shares of Emerson are hanging onto gains this morning, even though the majority of stocks in the conglomerate sector are trading lower. The stock is currently up $0.23, or 0.73%, to $31.69.

Emerson Electric Co., a diversified global technology company, engages in designing and supplying product technology and delivering engineering services to industrial and commercial, and consumer markets worldwide.

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