Emerson Electric Company (NYSE:EMR) has been given a consensus rating of “Hold” by the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.11.
EMR has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $62.00 target price (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Berenberg Bank reiterated a “sell” rating and set a $53.00 target price on shares of Emerson Electric in a research note on Friday, August 11th. JMP Securities initiated coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th.
Emerson Electric (EMR) traded down 0.39% during mid-day trading on Friday, hitting $58.81. The stock had a trading volume of 1,833,159 shares. The stock has a market cap of $37.64 billion, a P/E ratio of 26.24 and a beta of 1.18. Emerson Electric has a 52-week low of $49.22 and a 52-week high of $64.36. The firm has a 50-day moving average of $59.51 and a 200-day moving average of $59.62.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, analysts forecast that Emerson Electric will post $2.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Emerson Electric’s payout ratio is 85.33%.
In other news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in EMR. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 1.1% in the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after buying an additional 497,625 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Emerson Electric by 1.9% in the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after buying an additional 778,791 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Emerson Electric by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 14,552,526 shares of the industrial products company’s stock worth $871,114,000 after buying an additional 332,238 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Emerson Electric by 4.4% in the second quarter. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company’s stock worth $752,646,000 after buying an additional 526,712 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Emerson Electric by 4.6% in the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after buying an additional 500,000 shares during the last quarter. 70.17% of the stock is owned by institutional investors and hedge funds.
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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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