Emerson Electric’s (EMR) “Neutral” Rating Reaffirmed at Goldman Sachs Group

Goldman Sachs Group reiterated their neutral rating on shares of Emerson Electric (NYSE:EMR) in a research report report published on Friday morning. Goldman Sachs Group currently has a $66.00 price target on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a buy rating and issued a $72.00 target price (up previously from $68.00) on shares of Emerson Electric in a research note on Thursday, November 9th. Cowen raised shares of Emerson Electric to a buy rating and set a $71.00 price objective on the stock in a research note on Monday, October 23rd. Bank of America raised shares of Emerson Electric from a neutral rating to a buy rating and lifted their price objective for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Morgan Stanley reissued an equal weight rating and set a $67.00 price objective (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Emerson Electric from a sell rating to a hold rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $65.64.

Shares of Emerson Electric (EMR) traded up $0.77 during midday trading on Friday, hitting $66.55. 3,951,592 shares of the stock traded hands, compared to its average volume of 4,128,916. The company has a market cap of $42,218.90, a price-to-earnings ratio of 25.50, a PEG ratio of 3.09 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric has a one year low of $55.40 and a one year high of $67.79.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. equities research analysts expect that Emerson Electric will post 2.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders 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 yield of 2.92%. The ex-dividend date is Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is 82.55%.

In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the sale, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Intellectus Partners LLC raised its holdings in shares of Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares during the last quarter. RB Capital Management LLC raised its holdings in shares of Emerson Electric by 0.6% in the second quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Emerson Electric by 0.5% in the second quarter. Parallel Advisors LLC now owns 4,892 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 26 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Emerson Electric by 1.1% in the first quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 28 shares during the last quarter. Finally, Busey Trust CO raised its holdings in shares of Emerson Electric by 0.5% in the second quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

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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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