Emerson Electric Co. (NYSE:EMR – Get Free Report) CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the acquisition, the chief executive officer now owns 148,542 shares in the company, valued at approximately $13,101,404.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Emerson Electric Trading Down 0.5 %
Shares of EMR stock opened at $88.79 on Tuesday. The stock’s fifty day moving average is $93.05 and its two-hundred day moving average is $90.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 2.75. The firm has a market capitalization of $50.62 billion, a P/E ratio of 3.87, a PEG ratio of 1.52 and a beta of 1.38. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $100.62.
Emerson Electric (NYSE:EMR – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. Research analysts expect that Emerson Electric Co. will post 5.26 earnings per share for the current fiscal year.
Emerson Electric Increases Dividend
Analyst Ratings Changes
Several brokerages recently weighed in on EMR. Morgan Stanley increased their price target on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. UBS Group downgraded shares of Emerson Electric from a “buy” rating to a “neutral” rating and increased their price target for the stock from $97.00 to $104.00 in a report on Tuesday, October 3rd. Citigroup dropped their price objective on shares of Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. KeyCorp assumed coverage on shares of Emerson Electric in a research note on Monday, October 2nd. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, Argus raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.11.
Institutional Trading of Emerson Electric
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aspire Private Capital LLC acquired a new stake in shares of Emerson Electric in the 1st quarter worth $11,415,340,000. Mach 1 Financial Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $13,510,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $243,121,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $28,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $32,000. 72.02% of the stock is 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.
- Five stocks we like better than Emerson Electric
- How to Invest in Communication Stocks
- The most upgraded stocks in November have two things in common
- Stock Average Calculator
- Monday.com rocked earnings like it’s the weekend
- What Does Downgrade Mean in Investing?
- Plan to own one retailer? Make it this one
Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.