Emerson Electric Company (EMR) Given Consensus Recommendation of “Hold” by Analysts
Shares of Emerson Electric Company (NYSE:EMR) have earned an average rating of “Hold” from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $59.85.
A number of brokerages have issued reports on EMR. JMP Securities began coverage on Emerson Electric in a research report on Monday, June 19th. They set an “outperform” rating and a $70.00 price target for the company. Cowen and Company reiterated a “hold” rating and set a $62.00 price target on shares of Emerson Electric in a research report on Tuesday, May 2nd. BidaskClub upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $68.00 price objective on shares of Emerson Electric in a report on Wednesday, July 19th.
Several large investors have recently made changes to their positions in the company. Marshwinds Advisory Co. raised its position in Emerson Electric by 0.3% in the first quarter. Marshwinds Advisory Co. now owns 63,685 shares of the industrial products company’s stock worth $3,812,000 after buying an additional 171 shares in the last quarter. Longer Investments Inc. raised its position in shares of Emerson Electric by 7.2% in the first quarter. Longer Investments Inc. now owns 41,700 shares of the industrial products company’s stock worth $2,496,000 after buying an additional 2,789 shares during the period. Carroll Financial Associates Inc. raised its position in shares of Emerson Electric by 2.8% in the first quarter. Carroll Financial Associates Inc. now owns 13,286 shares of the industrial products company’s stock worth $795,000 after buying an additional 367 shares during the period. Quadrant Capital Group LLC raised its position in shares of Emerson Electric by 6.0% in the first quarter. Quadrant Capital Group LLC now owns 6,986 shares of the industrial products company’s stock worth $408,000 after buying an additional 395 shares during the period. Finally, National Pension Service raised its position in shares of Emerson Electric by 3.5% in the first quarter. National Pension Service now owns 490,622 shares of the industrial products company’s stock worth $29,246,000 after buying an additional 16,611 shares during the period. 69.06% of the stock is currently owned by institutional investors.
Shares of Emerson Electric (EMR) traded down 0.79% on Tuesday, hitting $60.43. 2,155,211 shares of the stock traded hands. The stock’s 50 day moving average price is $59.84 and its 200 day moving average price is $59.76. The stock has a market cap of $38.90 billion, a P/E ratio of 26.97 and a beta of 1.20. Emerson Electric has a 52-week low of $49.22 and a 52-week high of $64.36.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Emerson Electric will post $2.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is presently 85.33%.
Emerson Electric 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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