Active Volume Stock: Emerson Electric Co. (NYSE:EMR)
Mar 03 2017
However, on the flip side, weakened industrial spending and oil price volatility continue to thwart the company's top-line.
A number of other hedge funds also recently made changes to their positions in the company.
Emerson Electric Co. (NYSE:EMR) now has a High Price Target of $70. Zacks Investment Research cut Portland General Electric Company from a "hold" rating to a "sell" rating in a research note on Saturday, December 31st. The Low Price target projection by analysts is $44 and the Mean Price Target is $60.3. Citigroup Inc. reduced their price target on shares of General Electric Company from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, October 10th. The stock has an average rating of "Buy" and a consensus target price of $33.45. The company's 50 day moving average price is $31.56 and its 200-day moving average price is $30.77. The company has a market capitalization of $39.27 billion, a price-to-earnings ratio of 24.70 and a beta of 1.17.
Emerson Electric Co. (NYSE:EMR) topped its 52-week high price of $64.36 on Feb 14, 2017 and 52-Week Low Price of $48.45 on Jun 27, 2016. The company's past year sales total was 4.93 Billion. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.79 earnings per share. The company had revenue of $33.10 billion for the quarter, compared to the consensus estimate of $33.67 billion.
General Electric Company operates as a technology and financial services company. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. Shares have risen 15.26% over the trailing 6 months. The last quarter cash dividend per share pay out was $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, February 23rd. Guggenheim started coverage on Portland General Electric Company in a research note on Thursday, November 3rd. This is the current Zacks consensus EPS which was calculated at the time of writing. If you are accessing this news story on another publication, it was stolen and republished in violation of United States and worldwide copyright and trademark law. General Electric's (GE) industrial water treatment business which is up for sale would be a good strategic fit for Suez, the French group's chief executive said on Wednesday. (NYSE:EMR) traded with the volume of 6.22 Million in the previous trading session. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future. NBW Capital LLC acquired a new stake in shares of General Electric Company during the third quarter valued at approximately $2,853,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company's stock. Institutional investors own 54.68% of the company's stock. LLC increased its position in General Electric Company by 58.6% in the second quarter.
Emerson Electric Co. on 02/07/2017 reported its EPS as $0.56 with the analysts projecting the EPS of the stock as $0.42. LLC now owns 5,058 shares of the company's stock valued at $159,000 after buying an additional 1,868 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position in General Electric Company by 7.6% in the second quarter. The Company declared that contract revenues of $701.1 million for the quarter ended January 28, 2017, compared to $559.5 million for the quarter ended January 23, 2016. Stockman Asset Management increased its stake in Emerson Electric Company by 1.7% in the third quarter. Catamount Wealth Management now owns 4,651 shares of the company's stock worth $146,000 after buying an additional 1,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in General Electric Company by 1.5% in the third quarter.
Many analysts have provided their estimated foresights on Emerson Electric Co. Its Transportation segment provides drive technology solutions to various industries.