Wall Street analysts forecast that Emerson Electric Co. (NYSE:EMR) will announce $4.94 billion in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Emerson Electric’s earnings, with the lowest sales estimate coming in at $4.89 billion and the highest estimate coming in at $5.02 billion. Emerson Electric reported sales of $4.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Emerson Electric will report full-year sales of $17.46 billion for the current financial year, with estimates ranging from $17.41 billion to $17.54 billion. For the next fiscal year, analysts anticipate that the company will post sales of $19.33 billion, with estimates ranging from $19.26 billion to $19.42 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Emerson Electric.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.47 billion. Emerson Electric had a net margin of 12.33% and a return on equity of 22.83%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share.

A number of research firms have recently issued reports on EMR. Barclays increased their price target on shares of Emerson Electric from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Monday, August 6th. UBS Group raised their price objective on shares of Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Deutsche Bank set a $81.00 price objective on shares of Emerson Electric and gave the company a “buy” rating in a research report on Thursday, July 12th. Finally, MED raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.67.

In other news, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the transaction, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the transaction, the president now directly owns 176,477 shares in the company, valued at approximately $13,384,015.68. The disclosure for this sale can be found here. In the last three months, insiders sold 96,409 shares of company stock worth $7,317,004. Insiders own 0.79% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EMR. Bank of Montreal Can bought a new position in shares of Emerson Electric in the second quarter valued at approximately $144,788,000. Millennium Management LLC raised its position in shares of Emerson Electric by 1,480.3% in the second quarter. Millennium Management LLC now owns 1,156,665 shares of the industrial products company’s stock valued at $79,972,000 after purchasing an additional 1,083,470 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Emerson Electric by 7,027.3% in the second quarter. Cornerstone Wealth Management LLC now owns 935,604 shares of the industrial products company’s stock valued at $13,472,000 after purchasing an additional 922,477 shares during the period. FMR LLC raised its position in shares of Emerson Electric by 22.2% in the second quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock valued at $237,202,000 after purchasing an additional 622,701 shares during the period. Finally, Calamos Advisors LLC bought a new position in shares of Emerson Electric in the second quarter valued at approximately $41,536,000. 70.44% of the stock is currently owned by institutional investors.

NYSE EMR opened at $72.27 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $45.42 billion, a PE ratio of 27.38, a P/E/G ratio of 1.89 and a beta of 1.15. Emerson Electric has a 52-week low of $57.47 and a 52-week high of $79.70.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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