Investors Buy Shares of Emerson Electric (EMR) on Weakness

Traders bought shares of Emerson Electric Co. (NYSE:EMR) on weakness during trading hours on Friday. $405.56 million flowed into the stock on the tick-up and $91.43 million flowed out of the stock on the tick-down, for a money net flow of $314.13 million into the stock. Of all stocks tracked, Emerson Electric had the 5th highest net in-flow for the day. Emerson Electric traded down ($0.15) for the day and closed at $67.33

A number of equities analysts recently commented on the company. Citigroup upgraded Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 target price for the company in a report on Monday, January 14th. Gordon Haskett downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Stephens restated a “buy” rating and set a $68.00 target price on shares of Emerson Electric in a report on Sunday, January 6th. Cowen restated a “buy” rating and set a $81.00 target price on shares of Emerson Electric in a report on Wednesday, January 30th. Finally, Barclays downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $85.00 to $71.00 in a report on Monday, December 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $76.28.

The company has a market capitalization of $41.47 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.62.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, analysts predict that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 15th were paid a $0.49 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. Emerson Electric’s dividend payout ratio is currently 57.99%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new stake in shares of Emerson Electric in the fourth quarter worth $27,000. Csenge Advisory Group purchased a new stake in shares of Emerson Electric in the third quarter worth $28,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth $30,000. Norway Savings Bank boosted its position in shares of Emerson Electric by 60.1% during the fourth quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $36,000. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

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Emerson Electric Company Profile (NYSE:EMR)

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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