It’s been a pretty good earnings season for the industrials sector. Particularly so for companies with heavy exposure to oil & gas related capital spending. As such, expectations were for a good set of results from Emerson Electric Co. (NYSE: EMR), and the company didn’t disappoint with its earnings report on Tuesday. For the second time this year, CEO David Farr raised guidance and served notice that the dividend investors’ favorite is on an improving uptrend. Let’s take a look at what happened in Emerson Electric’s second quarter.