Traders Buy Emerson Electric Company (EMR) on Weakness
Investors bought shares of Emerson Electric Company (NYSE:EMR) on weakness during trading on Thursday. $123.58 million flowed into the stock on the tick-up and $104.11 million flowed out of the stock on the tick-down, for a money net flow of $19.47 million into the stock. Of all stocks tracked, Emerson Electric had the 9th highest net in-flow for the day. Emerson Electric traded down ($0.09) for the day and closed at $59.02
Several brokerages have issued reports on EMR. Edward Jones downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Cowen and Company downgraded shares of Emerson Electric from an “outperform” rating to a “market perform” rating in a research report on Thursday. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $72.00 price objective (up from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $65.14.
The firm has a market capitalization of $37,770.00, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. research analysts expect that Emerson Electric Company will post 2.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a yield of 3.24%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s payout ratio is currently 75.00%.
In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in EMR. Tower Research Capital LLC TRC acquired a new position in Emerson Electric during the second quarter worth about $109,000. Intellectus Partners LLC raised its position in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Emerson Electric during the first quarter worth about $127,000. Mountain Capital Investment Advisors Inc acquired a new position in Emerson Electric during the second quarter worth about $129,000. Finally, AT Bancorp acquired a new position in Emerson Electric during the second quarter worth about $139,000. 70.18% of the stock is currently owned by hedge funds and other institutional investors.
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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