Emerson Electric (EMR) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Emerson Electric (NYSE:EMR) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04, Morningstar.com reports. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Emerson Electric updated its FY18 guidance to $3.05-3.15 EPS.
Shares of Emerson Electric (NYSE:EMR) opened at $68.96 on Thursday. The stock has a market capitalization of $44,260.00, a PE ratio of 26.52, a PEG ratio of 2.49 and a beta of 1.19. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric has a 12-month low of $56.77 and a 12-month high of $74.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.81%. Emerson Electric’s dividend payout ratio (DPR) is presently 74.62%.
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 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 is accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the sale, the vice president now owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,017 shares of company stock valued at $1,771,129. Corporate insiders own 0.84% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of EMR. Beach Investment Management LLC. bought a new stake in shares of Emerson Electric during the 2nd quarter valued at about $771,000. Teacher Retirement System of Texas lifted its position in Emerson Electric by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,891 shares of the industrial products company’s stock worth $411,000 after buying an additional 115 shares during the last quarter. Smith Asset Management Group LP lifted its position in Emerson Electric by 52.6% in the 2nd quarter. Smith Asset Management Group LP now owns 604,627 shares of the industrial products company’s stock worth $36,049,000 after buying an additional 208,442 shares during the last quarter. First Mercantile Trust Co. lifted its position in Emerson Electric by 0.6% in the 2nd quarter. First Mercantile Trust Co. now owns 13,665 shares of the industrial products company’s stock worth $815,000 after buying an additional 78 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Emerson Electric by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 1,180,066 shares of the industrial products company’s stock worth $70,356,000 after buying an additional 3,178 shares during the last quarter. Hedge funds and other institutional investors 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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