Emerson Electric Co. (NYSE:EMR) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 5,332 put options on the stock. This is an increase of approximately 603% compared to the average volume of 759 put options.
Several research analysts have recently weighed in on EMR shares. UBS Group started coverage on shares of Emerson Electric in a report on Monday, January 22nd. They issued a “buy” rating and a $73.26 price target on the stock. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Cowen reaffirmed a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a report on Wednesday, December 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price target on shares of Emerson Electric in a report on Monday, December 11th. Finally, Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $70.72.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. G&S Capital LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at about $101,000. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric during the second quarter valued at about $109,000. Intellectus Partners LLC grew its stake in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric during the second quarter valued at about $129,000. Finally, Cerebellum GP LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at about $129,000. 69.96% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. equities analysts forecast that Emerson Electric will post 3.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were paid a $0.485 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a yield of 2.72%. Emerson Electric’s dividend payout ratio is presently 78.23%.
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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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