Emerson Electric Company (NYSE:EMR) – Analysts at Oppenheimer Holdings upped their FY2017 earnings per share estimates for shares of Emerson Electric in a research report issued on Thursday, Zacks Investment Research reports. Oppenheimer Holdings analyst C. Glynn now forecasts that the industrial products company will earn $2.64 per share for the year, up from their prior forecast of $2.60. Oppenheimer Holdings also issued estimates for Emerson Electric’s Q4 2017 earnings at $0.83 EPS.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. ILLEGAL ACTIVITY NOTICE: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/11/fy2017-eps-estimates-for-emerson-electric-company-raised-by-oppenheimer-holdings-emr.html.
A number of other brokerages have also issued reports on EMR. Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of Emerson Electric in a research note on Friday. Royal Bank of Canada reissued a “neutral” rating on shares of Emerson Electric in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Emerson Electric in a research note on Thursday. Wells Fargo & Company reissued a “market perform” rating and issued a $65.00 price target (up from $60.00) on shares of Emerson Electric in a research note on Wednesday. Finally, Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $65.14.
Emerson Electric (NYSE:EMR) traded up $0.13 on Friday, hitting $61.61. The company had a trading volume of 3,613,300 shares, compared to its average volume of 3,356,554. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $39,348.40, a price-to-earnings ratio of 23.83, a P/E/G ratio of 2.81 and a beta of 1.24. Emerson Electric has a fifty-two week low of $53.92 and a fifty-two week high of $67.79.
Several large investors have recently made changes to their positions in EMR. Captrust Financial Advisors purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at about $177,119,000. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares during the period. Prudential Financial Inc. raised its holdings in shares of Emerson Electric by 135.9% during the 1st quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock valued at $177,372,000 after buying an additional 1,706,810 shares during the period. Pictet Asset Management Ltd. raised its holdings in shares of Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after buying an additional 1,684,786 shares during the period. Finally, Longview Partners Guernsey LTD raised its holdings in shares of Emerson Electric by 9.0% during the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after buying an additional 1,134,275 shares during the period. Institutional investors and hedge funds own 70.14% of the company’s stock.
In related news, insider Robert T. Sharp sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now directly owns 64,290 shares in the company, valued at approximately $3,792,467.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $0.485 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 81.70%.
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.
Get a free copy of the Zacks research report on Emerson Electric (EMR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.