Stock Traders Buy High Volume of Put Options on Emerson Electric (NYSE:EMR)

Posted by on Apr 13th, 2023

Emerson Electric Co. (NYSE:EMR – Get Rating) was the target of some unusual options trading on Wednesday. Stock investors acquired 5,565 put options on the company. This represents an increase of approximately 35% compared to the average volume of 4,125 put options.

Institutional Investors Weigh In On Emerson Electric

A number of large investors have recently bought and sold shares of EMR. Spartan Planning & Wealth Management bought a new position in Emerson Electric in the 4th quarter valued at $27,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $30,000. Resurgent Financial Advisors LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $32,000. Arcus Capital Partners LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $33,000. Finally, TFO TDC LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $43,000. 71.64% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.9 %

Emerson Electric stock opened at $83.64 on Thursday. The business has a 50 day moving average price of $84.62 and a two-hundred day moving average price of $88.08. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. The stock has a market cap of $47.79 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40. Emerson Electric has a 12 month low of $72.40 and a 12 month high of $99.65.

Emerson Electric (NYSE:EMR – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $1.05 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Emerson Electric will post 4.07 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 17th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 16th. This represents a $2.08 annualized dividend and a dividend yield of 2.49%. Emerson Electric’s dividend payout ratio is currently 26.40%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EMR shares. Loop Capital lowered their price target on Emerson Electric from $115.00 to $105.00 in a report on Tuesday. Cowen lowered their target price on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 21st. Argus downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. StockNews.com began coverage on Emerson Electric in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Citigroup reduced their price target on Emerson Electric from $109.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, February 13th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Hold” and a consensus target price of $99.07.

Emerson Electric Company Profile

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.

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