Cowen restated their buy rating on shares of Emerson Electric (NYSE:EMR) in a research note issued to investors on Tuesday. Cowen currently has a $81.00 price objective on the industrial products company’s stock.
Several other research analysts have also issued reports on EMR. MED upgraded Emerson Electric from a hold rating to a buy rating and set a $81.00 price target on the stock in a report on Thursday, July 12th. Deutsche Bank set a $81.00 price target on Emerson Electric and gave the stock a buy rating in a report on Thursday, July 12th. Zacks Investment Research lowered Emerson Electric from a buy rating to a hold rating in a report on Monday, July 16th. Robert W. Baird reiterated a hold rating and issued a $76.00 price target on shares of Emerson Electric in a report on Friday, July 20th. Finally, ValuEngine lowered Emerson Electric from a buy rating to a hold rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $78.30.
NYSE EMR traded down $1.27 during trading hours on Tuesday, hitting $68.49. 4,236,030 shares of the company’s stock were exchanged, compared to its average volume of 3,930,861. Emerson Electric has a 1-year low of $57.47 and a 1-year high of $79.70. The stock has a market capitalization of $43.91 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.97.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Equities analysts expect that Emerson Electric will post 3.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is currently 57.40%.
In related news, President Edward L. Monser sold 30,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. Insiders sold 96,409 shares of company stock worth $7,317,004 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of EMR. First PREMIER Bank increased its position in Emerson Electric by 1.9% in the third quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock worth $2,807,000 after buying an additional 684 shares during the last quarter. Windward Capital Management Co. CA increased its position in Emerson Electric by 2.3% in the third quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock worth $2,376,000 after buying an additional 688 shares during the last quarter. Courier Capital LLC increased its position in Emerson Electric by 3.3% in the second quarter. Courier Capital LLC now owns 22,555 shares of the industrial products company’s stock worth $1,559,000 after buying an additional 718 shares during the last quarter. Truvestments Capital LLC increased its position in Emerson Electric by 6.4% in the third quarter. Truvestments Capital LLC now owns 12,013 shares of the industrial products company’s stock worth $920,000 after buying an additional 726 shares during the last quarter. Finally, Orca Investment Management LLC increased its position in Emerson Electric by 15.3% in the second quarter. Orca Investment Management LLC now owns 5,502 shares of the industrial products company’s stock worth $380,000 after buying an additional 732 shares during the last quarter. 70.33% of the stock is owned by institutional investors.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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