Emerson Electric Co. (NYSE:EMR) – Equities research analysts at William Blair dropped their Q3 2019 earnings estimates for Emerson Electric in a research report issued on Tuesday, May 7th. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings of $0.94 per share for the quarter, down from their prior estimate of $0.98.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.64 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. Emerson Electric’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group boosted their target price on shares of Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Finally, Cowen restated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a research report on Tuesday, February 5th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Emerson Electric currently has a consensus rating of “Buy” and a consensus target price of $76.41.
Shares of EMR stock opened at $66.29 on Thursday. The company has a market cap of $43.70 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88. Emerson Electric has a 52-week low of $55.38 and a 52-week high of $79.70.
A number of institutional investors have recently added to or reduced their stakes in EMR. Moody National Bank Trust Division acquired a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Massey Quick Simon & CO. LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Norway Savings Bank lifted its holdings in Emerson Electric by 60.1% during the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Emerson Electric during the 1st quarter worth approximately $34,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Emerson Electric during the 4th quarter worth approximately $36,000. Institutional investors own 72.62% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.96 dividend on an annualized basis and a yield of 2.96%. Emerson Electric’s dividend payout ratio (DPR) is presently 57.99%.
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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