A segment of
Emerson Electric Co
), Climate technologies, has launched a revolutionary monitoring
service called ComfortGuard for the management of heating and
cooling equipment. Being the first of its kind, the product is
expected to solve one of the most common problems of American
households. The monitoring packages will be available for $9.99 a
month. The company has already launched the service in St.
According to a recent report by the U.S. Department of Energy,
it has been observed that more than half of the domestic heating
and cooling equipment is in need of repair which is also quite an
Therefore, with the launch of ComfortGuard, Emerson intends to
resolve such household issues by providing the homeowners with the
required insight and guidance needed to take charge of their
heating and cooling equipment. The system will also monitor
equipment performance and provide early caution so that minor
problems can be dealt with at home. The owners will also be able to
consult Emerson experts for recommendations and knowledge on
maintenance and repair.
ComfortGuard has 10 built-in high-tech sensors that will collect
and convey data over a Wi-Fi connection every time heating and
cooling systems are operated. Therefore, with every usage, a
32-point inspection is conducted which includes a scan for
efficiency changes, filter degradation and component problems.
To add to the advantages, the homeowners are continuously
notified about efficiency and filter status, monthly System Insight
Reports and repair verifications through email alerts. This apart,
the owners also have access to a fully responsive web and mobile
portal, making system status, live data, equipment details, and
filter size easily available.
Emerson's Climate technologies reported a 5.4% year-over-year
increase in revenues in the second quarter of fiscal 2014. The
improvement was driven by strength in global refrigeration markets
and transportation. Underlying sales grew about 6%, as currency
translation impacted the top line by less than 1%, with the U.S.
witnessing sales growth of 2%, Asia 11% and Europe 3%.The U.S. air
conditioning business is improving gradually, with mid-single-digit
growth in residential markets and low-single-digit growth in the
commercial business. Strong demand in China drove the upside in
Asia, led by strong refrigeration, solutions and temperature
sensors businesses. Also, market conditions continue to improve in
Emerson currently has a Zacks Rank #3 (Hold). However, some
better-ranked stocks in the sector worth considering at the moment
Pernix Group Inc
Willdan Group Inc.
). Pernix and Willdan sport a Zacks Rank #1 (Strong Buy) while
Enersys has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
EMERSON ELEC CO (EMR): Free Stock Analysis
ENERSYS INC (ENS): Free Stock Analysis Report
PERNIX GROUP (PRXG): Get Free Report
WILLDAN GROUP (WLDN): Get Free Report
To read this article on Zacks.com click here.