Emerson Electric Co. (NYSE:EMR) insider Michael H. Train sold 12,278 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now directly owns 129,298 shares of the company’s stock, valued at $8,249,212.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of EMR traded down $0.72 during mid-day trading on Wednesday, hitting $62.74. 3,710,899 shares of the company’s stock were exchanged, compared to its average volume of 3,347,741. The stock has a market capitalization of $39.14 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.03 and a beta of 1.30. Emerson Electric Co. has a 52 week low of $55.38 and a 52 week high of $79.70. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 3.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.96 annualized dividend and a dividend yield of 3.12%. Emerson Electric’s dividend payout ratio is currently 57.99%.
A number of research firms recently issued reports on EMR. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, April 2nd. Credit Suisse Group lowered their target price on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Finally, Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.47.
Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $27,000. Glassman Wealth Services boosted its holdings in shares of Emerson Electric by 240.7% in the 1st quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock valued at $28,000 after buying an additional 284 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $34,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $36,000. Finally, Legacy Advisors LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $41,000. 70.52% of the stock is owned by institutional investors.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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