Emerson Electric Company (NYSE:EMR) – Oppenheimer raised their Q2 2018 earnings estimates for shares of Emerson Electric in a report issued on Tuesday. Oppenheimer analyst C. Glynn now anticipates that the industrial products company will earn $0.70 per share for the quarter, up from their prior forecast of $0.66. Oppenheimer also issued estimates for Emerson Electric’s Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.96 EPS, FY2018 earnings at $3.10 EPS and FY2019 earnings at $3.55 EPS.
EMR has been the topic of several other research reports. Edward Jones cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $65.00 price target (up previously from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and raised their price target for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Finally, Cowen reissued a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.34.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was up 18.7% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.83%. Emerson Electric’s payout ratio is 74.62%.
In related news, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares in the company, valued at approximately $2,447,157.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. bought a new position in Emerson Electric during the 3rd quarter worth approximately $12,652,000. APG Asset Management N.V. grew its position in shares of Emerson Electric by 10.8% in the 3rd quarter. APG Asset Management N.V. now owns 3,921,119 shares of the industrial products company’s stock worth $246,403,000 after buying an additional 383,300 shares during the last quarter. Fagan Associates Inc. grew its position in shares of Emerson Electric by 19.3% in the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock worth $356,000 after buying an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Emerson Electric by 6.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock worth $601,000 after buying an additional 620 shares during the last quarter. Finally, Andra AP fonden grew its position in shares of Emerson Electric by 5.2% in the 2nd quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after buying an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.
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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