A number of other equities research analysts also recently issued reports on EMR. Cowen restated a buy rating and set a $81.00 price target on shares of Emerson Electric in a research note on Tuesday. ValuEngine cut Emerson Electric from a buy rating to a hold rating in a research report on Tuesday, July 24th. Zacks Investment Research raised Emerson Electric from a hold rating to a buy rating and set a $88.00 price objective on the stock in a research report on Thursday, October 4th. Argus lifted their price objective on Emerson Electric from $81.00 to $83.00 and gave the company a buy rating in a research report on Tuesday, August 14th. Finally, Robert W. Baird reaffirmed a hold rating and set a $76.00 price objective on shares of Emerson Electric in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. Emerson Electric currently has an average rating of Buy and an average price target of $78.30.
Shares of Emerson Electric stock traded down $1.27 during trading hours on Wednesday, reaching $68.49. 4,236,030 shares of the stock traded hands, compared to its average volume of 3,930,861. The company has a market cap 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. Emerson Electric has a one year low of $57.47 and a one year high of $79.70. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Research analysts anticipate that Emerson Electric will post 3.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a dividend of $0.49 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, November 15th. Emerson Electric’s payout ratio is presently 57.40%.
In related news, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the transaction, the president now directly owns 176,477 shares in the company, valued at $13,429,899.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,409 shares of company stock worth $7,317,004. 0.79% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EMR. Bank of New York Mellon Corp lifted its holdings in Emerson Electric by 3,146,008.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after purchasing an additional 9,375,106 shares in the last quarter. Bank of Montreal Can purchased a new position in Emerson Electric in the 2nd quarter worth approximately $144,788,000. Millennium Management LLC lifted its holdings in Emerson Electric by 1,480.3% in the 2nd quarter. Millennium Management LLC now owns 1,156,665 shares of the industrial products company’s stock worth $79,972,000 after purchasing an additional 1,083,470 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Emerson Electric by 7,027.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 935,604 shares of the industrial products company’s stock worth $13,472,000 after purchasing an additional 922,477 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Emerson Electric by 424.9% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 792,956 shares of the industrial products company’s stock worth $60,725,000 after purchasing an additional 641,890 shares in the last quarter. 70.33% of the stock is currently owned by institutional investors.
Emerson Electric Company Profile
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.
See Also: Stop Order
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.