Emerson Electric Company (NYSE:EMR) – Research analysts at William Blair raised their Q2 2018 earnings estimates for Emerson Electric in a report released on Tuesday. William Blair analyst N. Heymann now anticipates that the industrial products company will post earnings of $0.71 per share for the quarter, up from their previous forecast of $0.70. William Blair also issued estimates for Emerson Electric’s Q3 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.96 EPS.
A number of other analysts have also recently issued reports on EMR. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $65.00 target price (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $72.00 target price (up from $68.00) on shares of Emerson Electric in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $67.65.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Emerson Electric by 1.1% during the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after purchasing an additional 497,625 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Emerson Electric by 0.6% in the 4th quarter. BlackRock Inc. now owns 41,040,358 shares of the industrial products company’s stock worth $2,860,104,000 after acquiring an additional 262,289 shares during the last quarter. Longview Partners Guernsey LTD lifted its holdings in shares of Emerson Electric by 4.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 14,322,835 shares of the industrial products company’s stock worth $998,158,000 after acquiring an additional 564,510 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Emerson Electric by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock worth $839,288,000 after acquiring an additional 597,993 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Emerson Electric by 4.6% in the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after acquiring an additional 500,000 shares during the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.
In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the stock in a transaction 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 transaction, the vice president now owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last quarter. 0.79% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be given a dividend of $0.485 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.81%. Emerson Electric’s dividend payout ratio (DPR) is currently 78.23%.
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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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