Emerson Electric’s (EMR) Buy Rating Reiterated at Cowen
Other research analysts have also recently issued reports about the company. Edward Jones cut Emerson Electric from a buy rating to a hold rating in a research report on Friday, November 17th. Stifel Nicolaus reissued a buy rating on shares of Emerson Electric in a report on Thursday, October 12th. Zacks Investment Research raised Emerson Electric from a sell rating to a hold rating in a report on Tuesday, October 31st. Citigroup set a $61.00 target price on Emerson Electric and gave the stock a sell rating in a report on Tuesday, November 28th. Finally, Wells Fargo & Co restated a market perform rating and issued a $65.00 target price (up previously from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $65.86.
Emerson Electric (NYSE EMR) opened at $69.66 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $44,436.25, a price-to-earnings 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 quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. equities research analysts forecast that Emerson Electric will post 2.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a $0.485 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 2.78%. Emerson Electric’s payout ratio is 82.55%.
In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction on Monday, December 11th. The shares were sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the sale, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Fagan Associates Inc. boosted its position in Emerson Electric by 19.3% during the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after buying an additional 968 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Emerson Electric by 6.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 620 shares during the period. Andra AP fonden lifted its position in shares of Emerson Electric by 5.2% during the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after acquiring an additional 4,700 shares during the period. Lipe & Dalton lifted its position in shares of Emerson Electric by 1.3% during the 2nd quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 560 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after acquiring an additional 2,404,844 shares during the period. Institutional investors own 68.83% of the company’s stock.
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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