Emerson Electric (NYSE:EMR) Issues Q3 Earnings Guidance

Emerson Electric (NYSE:EMRGet Rating) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.25-$1.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32. The company issued revenue guidance of $5.03-$5.12 billion, compared to the consensus revenue estimate of $5.03 billion.Emerson Electric also updated its FY22 guidance to $4.95-$5.10 EPS.

Several brokerages recently issued reports on EMR. Credit Suisse Group lifted their price objective on shares of Emerson Electric from $111.00 to $112.00 and gave the company an outperform rating in a report on Thursday, February 3rd. Citigroup upped their price objective on Emerson Electric from $120.00 to $123.00 in a research note on Thursday, February 3rd. Sanford C. Bernstein started coverage on shares of Emerson Electric in a report on Monday, January 10th. They issued a market perform rating and a $100.00 target price for the company. Morgan Stanley raised their price target on shares of Emerson Electric from $102.00 to $108.00 and gave the company an equal weight rating in a report on Thursday, February 3rd. Finally, Royal Bank of Canada upgraded shares of Emerson Electric from a sector perform rating to an outperform rating and boosted their price objective for the stock from $104.00 to $116.00 in a research note on Tuesday, January 4th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of Buy and a consensus price target of $108.42.

NYSE:EMR opened at $90.48 on Wednesday. The company has a market capitalization of $53.83 billion, a P/E ratio of 19.76, a PEG ratio of 2.08 and a beta of 1.42. The company has a current ratio of 2.04, a quick ratio of 1.60 and a debt-to-equity ratio of 0.85. Emerson Electric has a 12 month low of $86.72 and a 12 month high of $105.99. The firm has a fifty day simple moving average of $94.42 and a 200-day simple moving average of $94.29.

Emerson Electric (NYSE:EMRGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.06. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Emerson Electric had a return on equity of 26.84% and a net margin of 14.85%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. Equities analysts forecast that Emerson Electric will post 4.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.28%. Emerson Electric’s dividend payout ratio (DPR) is 44.98%.

In related news, insider Mark J. Bulanda sold 4,574 shares of the firm’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total transaction of $445,278.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.78% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC increased its stake in shares of Emerson Electric by 14.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 5,883 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 742 shares in the last quarter. NEXT Financial Group Inc increased its stake in Emerson Electric by 10.0% during the 4th quarter. NEXT Financial Group Inc now owns 5,957 shares of the industrial products company’s stock worth $554,000 after buying an additional 543 shares in the last quarter. Colony Group LLC lifted its position in shares of Emerson Electric by 3.6% in the fourth quarter. Colony Group LLC now owns 16,133 shares of the industrial products company’s stock valued at $1,500,000 after acquiring an additional 564 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Emerson Electric by 16.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,143 shares of the industrial products company’s stock worth $571,000 after acquiring an additional 849 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Emerson Electric by 57.0% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 19,533 shares of the industrial products company’s stock worth $1,816,000 after purchasing an additional 7,091 shares in the last quarter. 73.50% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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Earnings History and Estimates for Emerson Electric (NYSE:EMR)

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