Emerson Electric (NYSE:EMR) Announces Quarterly Earnings Results

Emerson Electric (NYSE:EMR) released its quarterly earnings data on Wednesday. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11, Briefing.com reports. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $1.09 earnings per share. Emerson Electric’s quarterly revenue was up 16.5% compared to the same quarter last year.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $2.86 during mid-day trading on Thursday, reaching $115.51. The company’s stock had a trading volume of 2,603,535 shares, compared to its average volume of 2,817,786. The stock has a 50-day moving average of $110.61 and a two-hundred day moving average of $99.95. The stock has a market capitalization of $65.93 billion, a P/E ratio of 6.00, a P/E/G ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric has a 1-year low of $76.94 and a 1-year high of $115.77.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Insider Activity at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $123.00 to $138.00 in a research report on Thursday. Berenberg Bank raised their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Bank of America raised their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.41.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software 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.