Emerson Electric (EMR) Receives Buy Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their buy rating on shares of Emerson Electric (NYSE:EMR) in a research note released on Monday. Stifel Nicolaus currently has a $75.00 price objective on the industrial products company’s stock.
A number of other equities analysts have also weighed in on EMR. BidaskClub lowered Emerson Electric from a sell rating to a strong sell rating in a research report on Friday, August 18th. Morgan Stanley reiterated an equal weight rating and issued a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Citigroup restated a sell rating and set a $61.00 price objective (up from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Bank of America upgraded Emerson Electric from a neutral rating to a buy rating and raised their price objective for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Cowen upgraded Emerson Electric from a market perform rating to an outperform rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $65.86.
Emerson Electric (NYSE EMR) opened at $66.51 on Monday. 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 has a 1 year low of $55.40 and a 1 year high of $67.83. The firm has a market capitalization of $43,130.29, a price-to-earnings ratio of 26.05, a P/E/G ratio of 3.02 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the company posted $0.74 EPS. Emerson Electric’s revenue for the quarter was up 12.8% on a year-over-year basis. research analysts expect that Emerson Electric will post 2.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $0.485 per share. The ex-dividend date was Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 2.92%. Emerson Electric’s dividend payout ratio (DPR) is presently 82.55%.
In other news, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares in the company, valued at approximately $11,577,184.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.
Several institutional investors have recently made changes to their positions in EMR. Midwest Investment Management LLC acquired a new stake in shares of Emerson Electric during the 1st quarter valued at about $208,000. Tredje AP fonden raised its stake in shares of Emerson Electric by 2.8% in the 1st quarter. Tredje AP fonden now owns 50,208 shares of the industrial products company’s stock valued at $3,005,000 after acquiring an additional 1,373 shares in the last quarter. Westpac Banking Corp raised its stake in shares of Emerson Electric by 16.0% in the 1st quarter. Westpac Banking Corp now owns 46,120 shares of the industrial products company’s stock valued at $2,508,000 after acquiring an additional 6,349 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Emerson Electric by 11.7% in the 1st quarter. Alliancebernstein L.P. now owns 1,266,393 shares of the industrial products company’s stock valued at $75,806,000 after acquiring an additional 132,891 shares in the last quarter. Finally, AXA raised its stake in shares of Emerson Electric by 21.7% in the 1st quarter. AXA now owns 454,037 shares of the industrial products company’s stock valued at $27,179,000 after acquiring an additional 81,032 shares in the last quarter. Institutional investors and hedge funds own 69.00% 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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