Several other equities research analysts have also issued reports on EMR. TheStreet lowered shares of Emerson Electric Company from a buy rating to a hold rating in a research note on Tuesday, November 1st. Barclays PLC increased their target price on shares of Emerson Electric Company from $56.00 to $63.00 and gave the stock an equal weight rating in a research note on Wednesday, February 8th. RBC Capital Markets reissued a hold rating and set a $55.00 target price on shares of Emerson Electric Company in a research note on Wednesday, February 8th. Sanford C. Bernstein reissued a market perform rating on shares of Emerson Electric Company in a research note on Thursday, December 15th. Finally, Bank of America Corporation raised shares of Emerson Electric Company from an underperform rating to a neutral rating and increased their target price for the stock from $45.00 to $60.00 in a research note on Monday, January 9th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. Emerson Electric Company presently has an average rating of Hold and a consensus price target of $54.07.
Emerson Electric Company (NYSE:EMR) opened at 64.15 on Wednesday. The firm has a 50-day moving average price of $58.64 and a 200-day moving average price of $54.65. The company has a market capitalization of $41.38 billion, a price-to-earnings ratio of 26.02 and a beta of 1.17. Emerson Electric Company has a 52 week low of $45.36 and a 52 week high of $64.27.
Emerson Electric Company (NYSE:EMR) last posted its earnings results on Tuesday, February 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Emerson Electric Company had a net margin of 8.50% and a return on equity of 24.26%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the company posted $0.56 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts anticipate that Emerson Electric Company will post $2.45 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 17th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. Emerson Electric Company’s dividend payout ratio is currently 77.73%.
In other news, VP Steven J. Pelch sold 7,839 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $63.31, for a total transaction of $496,287.09. Following the completion of the sale, the vice president now owns 72,647 shares in the company, valued at approximately $4,599,281.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of EMR. Flinton Capital Management LLC bought a new stake in Emerson Electric Company during the fourth quarter valued at $354,000. Renaissance Technologies LLC bought a new stake in Emerson Electric Company during the fourth quarter valued at $88,748,000. Employees Retirement System of Texas increased its stake in Emerson Electric Company by 22.5% in the fourth quarter. Employees Retirement System of Texas now owns 49,000 shares of the company’s stock valued at $2,732,000 after buying an additional 9,000 shares during the period. First Allied Advisory Services Inc. increased its stake in Emerson Electric Company by 0.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 105,091 shares of the company’s stock valued at $5,859,000 after buying an additional 705 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in Emerson Electric Company during the fourth quarter valued at $230,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Emerson Electric Company Company Profile
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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