Emerson Electric Co. (NYSE:EMR) has earned an “A+” credit rating from analysts at Morningstar. The investment research firm’s “A+” rating suggests that the company is a low default risk. They also gave their stock a four star rating. Shares of Emerson Electric (NYSE:EMR) opened at 48.26 on Monday.
Emerson Electric Co. (NYSE:EMR) has earned an “A+” credit rating from analysts at Morningstar. The investment research firm’s “A+” rating suggests that the company is a low default risk. They also gave their stock a four star rating.
Shares of Emerson Electric (NYSE:EMR) opened at 48.26 on Monday. The firm’s 50-day moving average price is $48.08 and its 200 day moving average price is $49.56. The firm has a market cap of $31.59 billion and a PE ratio of 12.10. Emerson Electric has a 52 week low of $42.21 and a 52 week high of $63.15.
Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 3rd. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.04. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Emerson Electric’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Equities analysts anticipate that Emerson Electric will post $3.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 10th. Shareholders of record on Friday, November 13th were given a dividend of $0.475 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Tuesday, November 10th.
A number of other equities research analysts also recently issued reports on the company. TheStreet downgraded Emerson Electric to a “hold” rating in a research report on Tuesday, September 8th. Oppenheimer reissued a “hold” rating on shares of Emerson Electric in a research report on Monday, August 31st. Sterne Agee CRT initiated coverage on Emerson Electric in a research report on Tuesday, September 8th. They set a “neutral” rating and a $44.00 price target for the company. Barclays lowered their price target on Emerson Electric from $53.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, October 5th. Finally, Goldman Sachs downgraded Emerson Electric from a “neutral” rating to a “sell” rating and lowered their price target for the company from $49.00 to $42.00 in a research report on Thursday, September 3rd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $52.71.
A hedge fund recently bought a new stake in Emerson Electric stock. Palo Capital bought a new position in Emerson Electric Co. (NYSE:EMR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,700 shares of the company’s stock, valued at approximately $605,000.
Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
