Research analysts at Berenberg Bank initiated coverage on shares of Emerson Electric Co. (NYSE:EMR) in a report released on Monday. The firm set a “sell” rating on the stock.
EMR has been the topic of several other reports. Buckingham Research lowered Emerson Electric from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $49.00 to $44.00 in a research report on Friday, August 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $53.00 target price on shares of Emerson Electric in a research report on Thursday, August 25th. Credit Suisse Group AG lowered Emerson Electric from an “outperform” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research report on Friday, August 19th. They noted that the move was a valuation call. Bank of America Corp. reaffirmed a “sell” rating on shares of Emerson Electric in a research report on Wednesday, June 22nd. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Emerson Electric in a research report on Wednesday, June 22nd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and a consensus price target of $52.82.
Emerson Electric (NYSE:EMR) opened at 54.51 on Monday. Emerson Electric has a 1-year low of $41.25 and a 1-year high of $56.82. The company has a market cap of $35.08 billion, a P/E ratio of 19.30 and a beta of 1.19. The stock has a 50 day moving average price of $52.81 and a 200 day moving average price of $53.41.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. The company earned $5.10 billion during the quarter, compared to the consensus estimate of $5.34 billion. On average, equities research analysts anticipate that Emerson Electric will post $2.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.49%. Emerson Electric’s payout ratio is currently 67.38%.
Institutional investors have recently made changes to their positions in the stock. Capital World Investors boosted its stake in Emerson Electric by 58.3% in the second quarter. Capital World Investors now owns 9,500,000 shares of the company’s stock valued at $495,520,000 after buying an additional 3,500,000 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Emerson Electric by 867.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,445,599 shares of the company’s stock valued at $75,402,000 after buying an additional 1,296,200 shares in the last quarter. Vanguard Group Inc. boosted its stake in Emerson Electric by 3.3% in the second quarter. Vanguard Group Inc. now owns 39,936,101 shares of the company’s stock valued at $2,083,068,000 after buying an additional 1,270,315 shares in the last quarter. Prudential Financial Inc. boosted its stake in Emerson Electric by 128.6% in the second quarter. Prudential Financial Inc. now owns 2,090,364 shares of the company’s stock valued at $109,033,000 after buying an additional 1,176,016 shares in the last quarter. Finally, Kleinwort Benson Investors Dublin Ltd bought a new stake in Emerson Electric during the second quarter valued at approximately $46,108,000. 69.40% of the stock is owned by institutional investors and hedge funds.
Emerson Electric Company Profile
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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