ValuEngine downgraded shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a research report report published on Wednesday morning.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Emerson Electric from a buy rating to a hold rating in a research note on Tuesday, April 10th. Citigroup lowered their target price on Emerson Electric from $68.00 to $67.00 and set a sell rating for the company in a research note on Wednesday, May 2nd. Stifel Nicolaus raised their target price on Emerson Electric from $79.00 to $80.00 and gave the company a buy rating in a research note on Thursday, May 3rd. Berenberg Bank upgraded Emerson Electric from a sell rating to a hold rating and set a $69.00 target price for the company in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Finally, Cowen restated a buy rating and set a $78.00 target price on shares of Emerson Electric in a research note on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $73.00.
Shares of Emerson Electric opened at $69.87 on Wednesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 0.98. The stock has a market cap of $43.60 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 2.06 and a beta of 1.20. Emerson Electric has a 1-year low of $57.47 and a 1-year high of $74.45.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, May 1st. The industrial products company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.22 billion. Emerson Electric had a return on equity of 21.69% and a net margin of 10.83%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. analysts predict that Emerson Electric will post 3.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Friday, May 11th were given a dividend of $0.485 per share. The ex-dividend date was Thursday, May 10th. This represents a $1.94 annualized dividend and a dividend yield of 2.78%. Emerson Electric’s payout ratio is 73.48%.
In other news, insider Michael H. Train sold 24,166 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $71.46, for a total transaction of $1,726,902.36. Following the transaction, the insider now owns 121,626 shares of the company’s stock, valued at $8,691,393.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Cynosure Advisors LLC lifted its holdings in Emerson Electric by 236.7% in the first quarter. Cynosure Advisors LLC now owns 26,365 shares of the industrial products company’s stock worth $1,801,000 after acquiring an additional 18,535 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Emerson Electric in the first quarter worth about $505,000. Rikoon Group LLC lifted its holdings in Emerson Electric by 13.1% in the first quarter. Rikoon Group LLC now owns 70,525 shares of the industrial products company’s stock worth $4,674,000 after acquiring an additional 8,163 shares during the last quarter. Chesapeake Wealth Management bought a new position in Emerson Electric in the first quarter worth about $253,000. Finally, 180 Wealth Advisors LLC lifted its holdings in Emerson Electric by 22.3% in the first quarter. 180 Wealth Advisors LLC now owns 24,563 shares of the industrial products company’s stock worth $1,672,000 after acquiring an additional 4,480 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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