Emerson Electric Company (EMR) Now Covered by Analysts at JMP Securities

JMP Securities assumed coverage on shares of Emerson Electric Company (NYSE:EMR) in a research note released on Monday. The firm issued an outperform rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the company. Cowen and Company restated a hold rating and issued a $62.00 price objective on shares of Emerson Electric Company in a research note on Tuesday, May 2nd. Stifel Nicolaus restated a buy rating and issued a $67.00 price objective (up from $65.00) on shares of Emerson Electric Company in a research note on Monday, May 15th. Royal Bank Of Canada restated a hold rating and issued a $62.00 price objective on shares of Emerson Electric Company in a research note on Tuesday, June 6th. TheStreet upgraded Emerson Electric Company from a c+ rating to a b rating in a research note on Thursday, May 4th. Finally, BidaskClub lowered Emerson Electric Company from a hold rating to a sell rating in a research note on Friday, June 9th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $55.57.

Shares of Emerson Electric Company (EMR) traded down 1.61% during trading on Monday, hitting $60.39. The stock had a trading volume of 960,135 shares. The firm has a market capitalization of $38.92 billion, a P/E ratio of 25.80 and a beta of 1.17. The stock’s 50-day moving average price is $59.25 and its 200 day moving average price is $59.12. Emerson Electric Company has a 1-year low of $48.45 and a 1-year high of $64.36.

Emerson Electric Company (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. Emerson Electric Company had a return on equity of 23.37% and a net margin of 8.72%. Emerson Electric Company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. On average, analysts anticipate that Emerson Electric Company will post $2.60 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Wednesday, May 10th. Emerson Electric Company’s payout ratio is 81.70%.

Several hedge funds and other institutional investors have recently made changes to their positions in EMR. Russell Investments Group Ltd. acquired a new position in shares of Emerson Electric Company during the fourth quarter worth approximately $12,132,000. Motley Fool Wealth Management LLC increased its position in shares of Emerson Electric Company by 17.5% in the fourth quarter. Motley Fool Wealth Management LLC now owns 9,484 shares of the industrial products company’s stock worth $529,000 after buying an additional 1,412 shares during the last quarter. BP PLC acquired a new position in shares of Emerson Electric Company during the fourth quarter worth approximately $4,293,000. Smith Moore & CO. increased its position in shares of Emerson Electric Company by 3.1% in the fourth quarter. Smith Moore & CO. now owns 30,000 shares of the industrial products company’s stock worth $1,673,000 after buying an additional 903 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new position in shares of Emerson Electric Company during the fourth quarter worth approximately $3,195,000. 69.82% of the stock is owned by hedge funds and other institutional investors.

About Emerson Electric Company

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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