Emerson Electric Company (NYSE:EMR) – Equities research analysts at William Blair lifted their Q2 2018 EPS estimates for shares of Emerson Electric in a research report issued to clients and investors on Tuesday. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.70. William Blair also issued estimates for Emerson Electric’s Q3 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.96 EPS.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS.

Several other equities research analysts have also commented on EMR. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Cowen upgraded shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $67.65.

Emerson Electric (EMR) traded up $1.06 during trading hours on Thursday, reaching $67.46. 1,137,818 shares of the company’s stock traded hands, compared to its average volume of 3,418,116. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.32. The stock has a market cap of $43,778.40, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.38 and a beta of 1.19. Emerson Electric has a 52-week low of $56.77 and a 52-week high of $74.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its stake in Emerson Electric by 9.9% in the 4th quarter. Arizona State Retirement System now owns 193,475 shares of the industrial products company’s stock worth $13,483,000 after purchasing an additional 17,379 shares in the last quarter. Fagan Associates Inc. lifted its stake in Emerson Electric by 21.9% in the 4th quarter. Fagan Associates Inc. now owns 7,475 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 1,345 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Emerson Electric by 46.7% in the 4th quarter. State of Wisconsin Investment Board now owns 853,447 shares of the industrial products company’s stock worth $59,477,000 after purchasing an additional 271,735 shares in the last quarter. First Allied Advisory Services Inc. lifted its stake in Emerson Electric by 1.2% in the 4th quarter. First Allied Advisory Services Inc. now owns 96,908 shares of the industrial products company’s stock worth $6,799,000 after purchasing an additional 1,184 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Emerson Electric by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 566,944 shares of the industrial products company’s stock worth $39,510,000 after purchasing an additional 8,785 shares in the last quarter. 69.23% of the stock is owned by institutional investors.

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the transaction, the vice president now directly 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 three months. Insiders own 0.79% of the company’s stock.

The business also recently announced 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. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 78.23%.

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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.

Earnings History and Estimates for Emerson Electric (NYSE:EMR)

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