Emerson Electric Co. (NYSE:EMR – Free Report) – Analysts at Zacks Research raised their FY2023 earnings per share (EPS) estimates for shares of Emerson Electric in a research report issued on Thursday, September 21st. Zacks Research analyst E. Haque now forecasts that the industrial products company will earn $4.42 per share for the year, up from their prior estimate of $4.41. The consensus estimate for Emerson Electric’s current full-year earnings is $4.44 per share. Zacks Research also issued estimates for Emerson Electric’s Q4 2023 earnings at $1.26 EPS, Q2 2024 earnings at $1.14 EPS, FY2024 earnings at $4.62 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.30 EPS and FY2025 earnings at $4.89 EPS.
EMR has been the topic of several other research reports. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, September 15th. Stephens restated an “overweight” rating and set a $120.00 price objective on shares of Emerson Electric in a report on Monday, August 7th. Morgan Stanley raised their price objective on Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Monday, August 28th. Finally, Barclays initiated coverage on Emerson Electric in a research report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.67.
Emerson Electric Price Performance
EMR stock opened at $97.18 on Friday. Emerson Electric has a 52-week low of $72.40 and a 52-week high of $100.62. The stock’s fifty day simple moving average is $95.90 and its 200-day simple moving average is $88.54. The company has a quick ratio of 2.07, a current ratio of 2.38 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $55.77 billion, a price-to-earnings ratio of 4.25, a price-to-earnings-growth ratio of 2.30 and a beta of 1.39.
Emerson Electric (NYSE:EMR – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 9.09%.
Insider Buying and Selling at Emerson Electric
In other news, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the sale, the vice president now directly owns 51,748 shares of the company’s stock, valued at $4,639,208.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the sale, the vice president now directly owns 51,748 shares of the company’s stock, valued at $4,639,208.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Vidya Ramnath sold 2,500 shares of Emerson Electric stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Emerson Electric
A number of hedge funds have recently bought and sold shares of the company. Aveo Capital Partners LLC grew its stake in Emerson Electric by 3.4% in the second quarter. Aveo Capital Partners LLC now owns 3,295 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 109 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Emerson Electric by 1.4% in the second quarter. Flagship Harbor Advisors LLC now owns 8,247 shares of the industrial products company’s stock worth $745,000 after purchasing an additional 111 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its stake in Emerson Electric by 2.9% in the second quarter. Guardian Wealth Advisors LLC NC now owns 4,206 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 118 shares in the last quarter. Knightsbridge Asset Management LLC grew its stake in Emerson Electric by 3.7% in the fourth quarter. Knightsbridge Asset Management LLC now owns 3,310 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 119 shares in the last quarter. Finally, First National Bank & Trust Co. of Newtown grew its stake in Emerson Electric by 0.6% in the second quarter. First National Bank & Trust Co. of Newtown now owns 20,160 shares of the industrial products company’s stock worth $1,822,000 after purchasing an additional 120 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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