Emerson Electric Company (NYSE:EMR) announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68, Bloomberg Earnings reports. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Emerson Electric’s revenue was up 9.9% compared to the same quarter last year. Emerson Electric updated its FY17 guidance to $2.58-2.62 EPS.
Shares of Emerson Electric (NYSE EMR) opened at 58.00 on Friday. The firm has a market capitalization of $37.12 billion, a price-to-earnings ratio of 25.88 and a beta of 1.20. The stock has a 50 day moving average of $59.85 and a 200-day moving average of $59.81. Emerson Electric has a one year low of $49.22 and a one year high of $64.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.31%. Emerson Electric’s payout ratio is 85.33%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Weaver C. Barksdale & Associates Inc. boosted its position in Emerson Electric by 38.4% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 24,208 shares of the industrial products company’s stock worth $1,449,000 after buying an additional 6,720 shares during the last quarter. New England Research & Management Inc. boosted its stake in Emerson Electric by 0.5% in the first quarter. New England Research & Management Inc. now owns 18,695 shares of the industrial products company’s stock valued at $1,119,000 after buying an additional 100 shares in the last quarter. Catawba Capital Management VA boosted its stake in Emerson Electric by 0.7% in the first quarter. Catawba Capital Management VA now owns 50,572 shares of the industrial products company’s stock valued at $3,027,000 after buying an additional 375 shares in the last quarter. West Oak Capital LLC boosted its stake in Emerson Electric by 3.5% in the first quarter. West Oak Capital LLC now owns 28,010 shares of the industrial products company’s stock valued at $1,677,000 after buying an additional 935 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in Emerson Electric by 3.3% in the first quarter. Manning & Napier Advisors LLC now owns 105,986 shares of the industrial products company’s stock valued at $6,343,000 after buying an additional 3,348 shares in the last quarter. 69.42% of the stock is currently owned by institutional investors and hedge funds.
EMR has been the subject of several research reports. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. JMP Securities initiated coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 price objective for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Finally, Cowen and Company reissued a “hold” rating and issued a $62.00 price target on shares of Emerson Electric in a research note on Tuesday, April 25th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $58.14.
Emerson Electric Company Profile
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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