Emerson Electric Company (NYSE:EMR) COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the transaction, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Emerson Electric Company (EMR) traded up $0.77 during trading on Monday, hitting $66.55. 3,973,800 shares of the stock were exchanged, compared to its average volume of 3,437,412. Emerson Electric Company has a 12 month low of $55.40 and a 12 month high of $67.79. 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 $42,713.11, a P/E ratio of 25.80, a PEG ratio of 3.13 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 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. equities analysts predict that Emerson Electric Company will post 2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a $0.485 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 2.92%. Emerson Electric’s dividend payout ratio is presently 82.55%.
A number of brokerages have issued reports on EMR. Stifel Nicolaus restated a “buy” rating and set a $75.00 target price on shares of Emerson Electric in a research report on Monday. Goldman Sachs Group restated a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a research report on Friday. Cowen restated a “buy” rating and set a $72.00 target price on shares of Emerson Electric in a research report on Wednesday, December 6th. J P Morgan Chase & Co began coverage on shares of Emerson Electric in a research report on Wednesday, November 29th. They set a “neutral” rating on the stock. Finally, Citigroup set a $61.00 target price on shares of Emerson Electric and gave the stock a “sell” rating in a research report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.86.
Large investors have recently modified their holdings of the stock. Fagan Associates Inc. lifted its stake in Emerson Electric by 19.3% in the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Emerson Electric by 6.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 620 shares during the last quarter. Andra AP fonden raised its stake in shares of Emerson Electric by 5.2% during the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after acquiring an additional 4,700 shares during the last quarter. Lipe & Dalton raised its stake in shares of Emerson Electric by 1.3% during the second quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 560 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after acquiring an additional 2,404,844 shares during the last quarter. 69.00% of the stock is owned by institutional investors and hedge funds.
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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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