Emerson Electric (NYSE:EMR) Receiving Somewhat Positive News Coverage, Analysis Finds
News coverage about Emerson Electric (NYSE:EMR) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Emerson Electric earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.2202689558217 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Clues to Identify Price Direction: Emerson Electric Co. (EMR), SemGroup Corporation (SEMG) – AllStockNews (allstocknews.com)
- Stock Price Performance Review for Emerson Electric Company (NYSE:EMR) – Jonesboro Recorder (jonesbororecorder.com)
- Emerson Electric’s (EMR) “Sell” Rating Reiterated at Berenberg Bank (americanbankingnews.com)
- Emerson Electric Company (EMR) Stake Increased by Proshare Advisors LLC (wisdomsave.com)
- Proshare Advisors LLC Modifies Its Ownership in Emerson Electric Company (EMR) Stock (expressnewsline.com)
A number of research analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price target (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank reaffirmed a “sell” rating and set a $53.00 price objective on shares of Emerson Electric in a report on Friday. Cowen and Company reaffirmed a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a report on Tuesday, April 25th. BidaskClub cut Emerson Electric from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.14.
Emerson Electric (NYSE EMR) traded up 1.26% during trading on Monday, hitting $59.63. The stock had a trading volume of 2,070,785 shares. Emerson Electric has a 12 month low of $49.22 and a 12 month high of $64.36. The company’s 50 day moving average is $59.85 and its 200-day moving average is $59.84. The company has a market cap of $38.16 billion, a PE ratio of 26.61 and a beta of 1.20.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric will post $2.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 11th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. Emerson Electric’s payout ratio is 85.33%.
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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