Emerson Electric (EMR) Given Media Impact Rating of 0.27
Media headlines about Emerson Electric (NYSE:EMR) have trended positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Emerson Electric earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.6882630090836 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Hot Tickers: Community Healthcare Trust Incorporated (CHCT), Emerson Electric Co. (EMR) – Market Movers (financialqz.com)
- General Electric Company (GE) Ex-Dividend Date Scheduled for December (nasdaq.com)
- Emerson to Buy Cooper-Atkins, Boosts Cold Chain Business (zacks.com)
- Emerson Electric (EMR) Enters Agreement to Acquire Cooper-Atkins (streetinsider.com)
- Emerson Electric Co.: Emerson Agrees to Acquire Cooper-Atkins (twst.com)
Several research analysts have commented on EMR shares. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, October 23rd. Royal Bank of Canada reissued a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Citigroup reissued a “sell” rating and set a $61.00 price objective (up previously from $58.00) on shares of Emerson Electric in a report on Monday, October 9th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $65.00 price objective (up previously from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $65.86.
Shares of Emerson Electric (NYSE:EMR) traded up $0.08 during midday trading on Friday, hitting $69.66. 1,788,334 shares of the stock traded hands, compared to its average volume of 3,709,001. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The stock has a market cap of $44,436.25, a PE ratio of 29.64, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. Emerson Electric has a 52-week low of $55.40 and a 52-week high of $69.84.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. equities analysts forecast that Emerson Electric will post 2.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.78%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, November 16th. Emerson Electric’s dividend payout ratio is currently 82.55%.
In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Insiders sold a total of 27,017 shares of company stock worth $1,771,129 over the last three months. 0.79% of the stock is currently owned by corporate insiders.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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