Investors Buy Emerson Electric Company (EMR) on Weakness
Traders bought shares of Emerson Electric Company (NYSE:EMR) on weakness during trading hours on Monday. $40.36 million flowed into the stock on the tick-up and $21.55 million flowed out of the stock on the tick-down, for a money net flow of $18.81 million into the stock. Of all equities tracked, Emerson Electric had the 29th highest net in-flow for the day. Emerson Electric traded down ($0.24) for the day and closed at $60.91
EMR has been the topic of several analyst reports. TheStreet upgraded Emerson Electric from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Stifel Nicolaus restated a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a report on Wednesday, July 19th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, June 6th. Finally, Cowen and Company restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, May 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.14.
The company has a market cap of $38.90 billion, a P/E ratio of 26.97 and a beta of 1.20. The company’s 50-day moving average is $59.84 and its 200-day moving average is $59.76.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Emerson Electric Company will post $2.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio (DPR) is 85.33%.
A number of large investors have recently added to or reduced their stakes in the stock. First Command Financial Services Inc. boosted its stake in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock worth $116,000 after buying an additional 307 shares during the period. Central Bank & Trust Co. boosted its stake in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock worth $126,000 after buying an additional 500 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Emerson Electric during the first quarter worth about $127,000. AT Bancorp purchased a new stake in Emerson Electric during the second quarter worth about $139,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Emerson Electric during the first quarter worth about $147,000. Institutional investors own 69.06% of the company’s stock.
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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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