News stories about Emerson Electric Company (NYSE:EMR) have been trending somewhat positive on Friday, according to AlphaOne. AlphaOne, a unit of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Emerson Electric Company earned a news sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also gave headlines about the industrial products company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted AlphaOne Sentiment’s rankings:
- Emerson Electric Company (EMR) Upgraded to “Hold” at BidaskClub (americanbankingnews.com)
- Emerson Electric Co: Time to Move On? — The Motley Fool – Motley Fool (fool.com)
- Emerson Electric Company (EMR) Stake Boosted by Argyle Capital Management Inc (badhub.net)
- ETFs with exposure to Emerson Electric Co. : June 15, 2017 (finance.yahoo.com)
- Emerson Electric Company (EMR) Stake Decreased by Shell Asset Management Co (leisuretravelaid.com)
A number of equities research analysts recently issued reports on EMR shares. TheStreet raised Emerson Electric Company from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Zacks Investment Research downgraded Emerson Electric Company from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price target on shares of Emerson Electric Company in a research report on Tuesday, June 6th. Cowen and Company reissued a “hold” rating and set a $62.00 price target on shares of Emerson Electric Company in a research report on Tuesday, April 25th. Finally, HSBC Holdings plc raised Emerson Electric Company from a “reduce” rating to a “hold” rating and set a $55.00 price target on the stock in a research report on Friday, March 3rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. Emerson Electric Company has a consensus rating of “Hold” and a consensus target price of $55.57.
Shares of Emerson Electric Company (NYSE:EMR) traded up 0.70% during mid-day trading on Friday, reaching $60.68. The company’s stock had a trading volume of 4,138,133 shares. The firm has a market cap of $39.11 billion, a price-to-earnings ratio of 25.92 and a beta of 1.17. Emerson Electric Company has a 12 month low of $48.45 and a 12 month high of $64.36. The company’s 50-day moving average is $59.22 and its 200 day moving average is $59.03.
Emerson Electric Company (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Emerson Electric Company had a net margin of 8.72% and a return on equity of 23.37%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Emerson Electric Company’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Company will post $2.60 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Wednesday, May 10th. Emerson Electric Company’s payout ratio is currently 81.70%.
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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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