News coverage about Emerson Electric (NYSE:EMR) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Emerson Electric earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.7026846164468 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- How Safe Is Pentair’s Dividend? (nasdaq.com)
- Short Interest Declines 16% For EMR (thestreet.com)
- Emerson Buys GeoFields, Boosts Pipeline Solutions Portfolio (finance.yahoo.com)
- Morgan Stanley Maintains Rating And Raises Price Target On Emerson Electric Company (EMR) – First News 24 (firstnewspaper24.com)
- Emerson Acquires GeoFields, Inc. (finance.yahoo.com)
Several brokerages have commented on EMR. Stifel Nicolaus reissued a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a research note on Wednesday, July 19th. BidaskClub raised Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Citigroup Inc. reissued a “sell” rating and set a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research note on Monday. Morgan Stanley reissued an “equal weight” rating and set a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. Finally, JMP Securities began coverage on Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and a consensus price target of $60.71.
Shares of Emerson Electric (EMR) traded up 0.02% during trading on Wednesday, hitting $63.43. Emerson Electric has a 1-year low of $49.22 and a 1-year high of $64.36. The company has a 50-day moving average of $61.62 and a 200-day moving average of $60.01. The firm has a market capitalization of $40.60 billion, a PE ratio of 28.30 and a beta of 1.22.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Emerson Electric will post $2.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 annualized dividend and a dividend yield of 3.03%. Emerson Electric’s dividend payout ratio is presently 85.33%.
In related news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.79% of the company’s stock.
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About Emerson Electric
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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