Investors Sell Shares of Emerson Electric Company (EMR) on Strength (EMR)

Traders sold shares of Emerson Electric Company (NYSE:EMR) on strength during trading hours on Monday. $33.16 million flowed into the stock on the tick-up and $84.11 million flowed out of the stock on the tick-down, for a money net flow of $50.95 million out of the stock. Of all stocks tracked, Emerson Electric had the 11th highest net out-flow for the day. Emerson Electric traded up $0.41 for the day and closed at $60.26

A number of research analysts recently commented on the company. BidaskClub cut Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Cowen and Company raised Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Berenberg Bank reissued a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Citigroup Inc. reissued a “sell” rating and issued a $61.00 target price (up previously from $58.00) on shares of Emerson Electric in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Hold” and an average target price of $65.14.

The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $38,570.00, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. equities analysts forecast that Emerson Electric Company will post 2.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio is 75.78%.

In related news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Emerson Electric in the second quarter valued at $109,000. Intellectus Partners LLC increased its holdings in Emerson Electric by 0.3% in the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Emerson Electric in the first quarter valued at $127,000. Mountain Capital Investment Advisors Inc purchased a new position in Emerson Electric in the second quarter valued at $129,000. Finally, AT Bancorp purchased a new position in Emerson Electric in the second quarter valued at $139,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

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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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