Emerson Electric (EMR) Earns Market Perform Rating from William Blair

William Blair restated their market perform rating on shares of Emerson Electric (NYSE:EMR) in a research note published on Tuesday morning. William Blair also issued estimates for Emerson Electric’s Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.09 EPS and FY2020 earnings at $4.05 EPS.

Several other equities research analysts have also issued reports on the stock. Barclays increased their target price on shares of Emerson Electric from $85.00 to $88.00 and gave the stock an overweight rating in a report on Monday, September 24th. Zacks Investment Research raised shares of Emerson Electric from a hold rating to a buy rating and set a $80.00 target price for the company in a report on Monday, August 6th. Gordon Haskett initiated coverage on shares of Emerson Electric in a report on Friday, October 12th. They issued a buy rating for the company. Bank of America increased their target price on shares of Emerson Electric from $82.00 to $90.00 and gave the stock a buy rating in a report on Thursday, October 4th. Finally, Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Monday, August 20th. They issued an overweight rating and a $85.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $78.30.

Shares of NYSE:EMR traded down $1.27 during trading on Tuesday, hitting $68.49. The company’s stock had a trading volume of 350,538 shares, compared to its average volume of 3,815,005. Emerson Electric has a 12 month low of $57.47 and a 12 month high of $79.70. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $44.33 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the company earned $0.83 EPS. Emerson Electric’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Emerson Electric will post 3.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.49 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 57.40%.

In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Steven J. Pelch sold 6,409 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total transaction of $475,804.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,409 shares of company stock valued at $7,317,004. Insiders own 0.79% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in EMR. Fisher Asset Management LLC lifted its stake in Emerson Electric by 24.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,716 shares of the industrial products company’s stock worth $395,000 after acquiring an additional 1,105 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Emerson Electric by 33.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,554 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 1,391 shares during the period. Xact Kapitalforvaltning AB lifted its position in Emerson Electric by 11.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 147,603 shares of the industrial products company’s stock worth $10,205,000 after acquiring an additional 15,294 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $1,014,000. Finally, Bremer Trust National Association lifted its position in Emerson Electric by 31.4% during the 2nd quarter. Bremer Trust National Association now owns 8,915 shares of the industrial products company’s stock worth $617,000 after acquiring an additional 2,129 shares during the period. 70.33% of the stock is owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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