Emerson Electric Stock Soars on Strong Earnings, AspenTech Buyout Bid

Key TakeawaysShares of industrial technology and engineering company Emerson Electric popped higher Tuesday.The company reported better-than-expected quarterly sales and profit boosted by its Intelligent Devices segment.Emerson also announced plans to acquire the remaining stake in industrial software firm AspenTech. Emerson Electric (EMR) shares surged 7% on Tuesday, securing one of the top performances in the S&P 500, after the provider of automation equipment, industrial software, and engineering product ...