Emerson Electric Co. (NYSE:EMR) – Equities research analysts at Oppenheimer reduced their FY2019 earnings per share estimates for shares of Emerson Electric in a report issued on Tuesday, November 6th, according to Zacks Investment Research. Oppenheimer analyst C. Glynn now forecasts that the industrial products company will post earnings of $3.65 per share for the year, down from their previous estimate of $3.75.
Several other analysts have also commented on EMR. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Robert W. Baird decreased their price objective on Emerson Electric from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, November 12th. ValuEngine lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen reiterated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a report on Tuesday, November 6th. Finally, Deutsche Bank set a $79.00 price objective on Emerson Electric and gave the company a “buy” rating in a report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $78.41.
Shares of EMR opened at $69.62 on Friday. Emerson Electric has a 12 month low of $58.69 and a 12 month high of $79.70. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $43.75 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.13 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 2.82%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, November 15th. Emerson Electric’s dividend payout ratio is presently 57.99%.
In related news, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction 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 is available through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the stock in a transaction dated 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 sale, 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. 0.79% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. First PREMIER Bank boosted its stake in shares of Emerson Electric by 1.9% during the 3rd quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock worth $2,807,000 after acquiring an additional 684 shares in the last quarter. Windward Capital Management Co. CA boosted its stake in shares of Emerson Electric by 2.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock worth $2,376,000 after acquiring an additional 688 shares in the last quarter. Courier Capital LLC boosted its stake in shares of Emerson Electric by 3.3% during the 2nd quarter. Courier Capital LLC now owns 22,555 shares of the industrial products company’s stock worth $1,559,000 after acquiring an additional 718 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Emerson Electric by 6.4% during the 3rd quarter. Truvestments Capital LLC now owns 12,013 shares of the industrial products company’s stock worth $920,000 after acquiring an additional 726 shares in the last quarter. Finally, Orca Investment Management LLC boosted its stake in shares of Emerson Electric by 15.3% during the 2nd quarter. Orca Investment Management LLC now owns 5,502 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 732 shares in the last quarter. 70.17% of the stock is currently owned by institutional investors.
About Emerson Electric
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.