FY2017 EPS Estimates for Emerson Electric Company Raised by Oppenheimer Holdings (EMR)
Emerson Electric Company (NYSE:EMR) – Research analysts at Oppenheimer Holdings raised their FY2017 EPS estimates for shares of Emerson Electric in a note issued to investors on Thursday. Oppenheimer Holdings analyst C. Glynn now anticipates that the industrial products company will post earnings per share of $2.64 for the year, up from their prior forecast of $2.60. Oppenheimer Holdings also issued estimates for Emerson Electric’s Q4 2017 earnings at $0.83 EPS.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%.
Several other brokerages have also commented on EMR. Cowen and Company raised Emerson Electric from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 price target (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Berenberg Bank reaffirmed a “sell” rating and issued a $53.00 price target on shares of Emerson Electric in a research note on Friday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Emerson Electric in a research note on Tuesday, July 11th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and a consensus price target of $62.86.
Emerson Electric (NYSE EMR) opened at 66.83 on Friday. The company has a 50-day moving average price of $63.43 and a 200-day moving average price of $60.43. Emerson Electric has a 12-month low of $49.38 and a 12-month high of $67.31. The stock has a market capitalization of $42.77 billion, a PE ratio of 29.82 and a beta of 1.22.
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares during the period. Fagan Associates Inc. raised its position in Emerson Electric by 19.3% in the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 968 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its position in Emerson Electric by 6.6% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 620 shares during the period. Morgan Dempsey Capital Management LLC raised its position in Emerson Electric by 5.4% in the second quarter. Morgan Dempsey Capital Management LLC now owns 77,496 shares of the industrial products company’s stock valued at $4,621,000 after purchasing an additional 3,985 shares during the period. Finally, Bridgewater Associates LP purchased a new stake in Emerson Electric in the first quarter valued at $351,000. Institutional investors own 70.04% of the company’s stock.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the sale, the insider now owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by insiders.
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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