Emerson Electric (EMR) Upgraded at Vertical Research
Vertical Research upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research note released on Tuesday, The Fly reports.
EMR has been the subject of several other research reports. Edward Jones cut shares of Emerson Electric from a buy rating to a hold rating in a research report on Friday, November 17th. Wells Fargo & Co reiterated a market perform rating and set a $65.00 price target (up previously from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Stifel Nicolaus reissued a buy rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America raised shares of Emerson Electric from a neutral rating to a buy rating and lifted their price objective for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of Emerson Electric from a hold rating to a sell rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $65.86.
Shares of Emerson Electric (NYSE EMR) opened at $72.43 on Tuesday. Emerson Electric has a 1 year low of $55.40 and a 1 year high of $72.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The company has a market cap of $45,656.04, a P/E ratio of 27.71, a PEG ratio of 3.21 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the previous year, the company earned $0.74 EPS. Emerson Electric’s revenue 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 year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $0.485 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s payout ratio is presently 82.55%.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in Emerson Electric during the second quarter worth $109,000. Intellectus Partners LLC increased its holdings 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 buying an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Emerson Electric during the second quarter worth $129,000. AT Bancorp acquired a new position in Emerson Electric during the second quarter worth $139,000. Finally, Harbour Capital Advisors LLC acquired a new position in Emerson Electric during the first quarter worth $147,000. 69.16% of the stock is currently owned by institutional investors and hedge funds.
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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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