Emerson Electric (EMR) Sets New 1-Year Low at $62.04

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Emerson Electric Co. (NYSE:EMR) shares hit a new 52-week low on Thursday . The stock traded as low as $62.04 and last traded at $63.07, with a volume of 391542 shares. The stock had previously closed at $65.65.

EMR has been the subject of several recent analyst reports. Cowen reissued a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a report on Tuesday, November 6th. Argus raised their price objective on shares of Emerson Electric from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. UBS Group raised their price objective on shares of Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Thursday, October 4th. Finally, Bank of America lifted their price target on shares of Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $78.39.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.78 and a current ratio of 1.07. The company has a market cap of $39.94 billion, a PE ratio of 18.62, a PEG ratio of 1.96 and a beta of 1.21.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 3.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.11%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, November 15th. Emerson Electric’s payout ratio is presently 57.99%.

In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $1,360,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EMR. Bank of New York Mellon Corp boosted its stake in Emerson Electric by 3,146,008.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares during the period. Vanguard Group Inc. raised its position in shares of Emerson Electric by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 51,601,229 shares of the industrial products company’s stock worth $3,951,622,000 after buying an additional 1,214,362 shares in the last quarter. Millennium Management LLC raised its position in shares of Emerson Electric by 1,480.3% during the 2nd quarter. Millennium Management LLC now owns 1,156,665 shares of the industrial products company’s stock worth $79,972,000 after buying an additional 1,083,470 shares in the last quarter. Capital World Investors raised its position in shares of Emerson Electric by 7.0% during the 3rd quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock worth $1,167,856,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Emerson Electric by 424.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 792,956 shares of the industrial products company’s stock worth $60,725,000 after buying an additional 641,890 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

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Emerson Electric Company Profile (NYSE:EMR)

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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