EMR - Emerson Electric Co.
| Previous Close | 72.73 |
| Open | 73.39 |
| Bid | 72.52 x 800 |
| Ask | 73.41 x 900 |
| Day's Range | 72.99 - 73.70 |
| 52 Week Range | 55.39 - 75.54 |
| Volume | 1,906,251 |
| Avg. Volume | 3,012,061 |
| Market Cap | 45.228B |
| Beta (3Y Monthly) | 1.37 |
| PE Ratio (TTM) | 19.82 |
| EPS (TTM) | 3.71 |
| Earnings Date | Feb 3, 2020 - Feb 7, 2020 |
| Forward Dividend & Yield | 2.00 (2.75%) |
| Ex-Dividend Date | 2019-11-14 |
| 1y Target Est | 75.67 |
- GuruFocus.com
Ratio Analysis: The Dividend Yield Ratio
This is the one ratio that you can use to compare returns across a wide range of asset classes Continue reading...
- Thomson Reuters StreetEvents
Edited Transcript of EMR earnings conference call or presentation 5-Nov-19 7:30pm GMT
Q4 2019 Emerson Electric Co Earnings Call
- Zacks
Emerson Launches ASCO Series 273 for Life Sciences Market
Emerson (EMR) ASCO Series 273 Pinch Valve provides better safety to operators apart from enabling them to accelerate setup, in turn, reducing costs and making unscheduled maintenance simple.
- Barrons.com
Emerson Electric, Snap-On, and Atmos Energy Announced Dividend Hikes
Several companies with an industrial bent, along with a natural gas utility and another that distributes electricity, were among the firms that declared dividend increases.
- American City Business Journals
What you missed at the 2019 Corporate Philanthropy Awards
Nearly 300 guests attended the St. Louis Business Journal's second annual Corporate Philanthropy Awards at the Marriott St. Louis West Hotel Friday morning.
- American City Business Journals
Corporate Philanthropy Awards 2019: Emerson Electric Co.
Winner: Large companies Emerson Electric Co.’s charitable contributions touch a variety of initiatives in the St. Louis region and beyond. “We look for opportunities to support the development and delivery of sound, innovative programs or initiatives that help improve and enrich human lives,” said David Rabe, Emerson’s vice president of social responsibility. Emerson supports initiatives as diverse as planting 1,000 trees in Poland (which it did in 2018) and pledging $1.5 million over five years to renovate the Emerson Family YMCA in Ferguson, the company’s home and focus of much its charitable work for more than 75 years.
- Moody's
Emerson Electric Company -- Moody's announces completion of a periodic review of ratings of Emerson Electric Company
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Emerson Electric Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Zacks
Top Stock Reports for Alibaba, General Electric & Anthem
Top Stock Reports for Alibaba, General Electric & Anthem
- Simply Wall St.
Emerson Electric Co. (NYSE:EMR) Is Yielding 2.7% - But Is It A Buy?
Could Emerson Electric Co. (NYSE:EMR) be an attractive dividend share to own for the long haul? Investors are often...
- Reuters
UPDATE 1-Emerson Electric CEO says all costs and businesses are under scrutiny
Emerson Electric Co Chief Executive David Farr said on Tuesday that "everything is on the table" as the industrial products company takes a top-to-bottom look at its cost structure and business units. Emerson has been under pressure from hedge fund D.E. Shaw & Co to cut costs and even split up the company. Farr said, however, that D.E. Shaw's candidate for Emerson's board of directors, Mark Blinn, leap-frogged over two other candidates being considered.
- Bloomberg
Emerson Avoids an Activist Fight But Not the Gloom
(Bloomberg Opinion) -- Emerson Electric Co. may have dodged a proxy fight, but it can’t avoid an earnings slump.The maker of air-conditioner components and automation equipment said Tuesday that it would add the former chief executive officer of Flowserve Corp. to its board and pledged to complete a review of its operations by February. The moves are meant to be a balm for activist investor D.E. Shaw & Co., which has called for more aggressive cost cuts, corporate governance improvements and a breakup. A lack of tangible commitments and deadlines in Emerson’s agreement to consider the activist’s recommendations likely contributed to a notably feisty letter from D.E. Shaw last month that blasted what it described as a bloated budget, including a corporate aviation department with no fewer than eight jets, a helicopter and its own intern.Emerson’s new board member, Mark Blinn, was CEO of Flowserve from 2009 to 2017. He’s not a household name, and Flowserve underperformed the S&P 500 Index during his tenure, but he was one of four candidates D.E. Shaw recommended, according to Bloomberg News. As such, the activist said Tuesday that it would back the company’s slate. According to D.E. Shaw, Emerson has also committed to reviewing how it pays its executives and will seek shareholder approval to amend its charter so that directors are elected annually. There was no update on those corporate jets in the earnings materials released Tuesday morning, although a conference call is scheduled for later this afternoon.Emerson’s concessions to D.E. Shaw are wise; it’s not in a position to pick a fight now. Also on Tuesday, the company released disappointing guidance for its 2020 fiscal year and predicted the coming U.S. presidential election, continued trade tensions and increased restructuring by manufacturers would leave investment decisions stalled. “We are planning for a challenging economic environment,” CEO David Farr said in the news release. This was a notably more downbeat outlook on the economy than other industrial companies have given this earnings season and contrasts with Parker-Hannifin Corp.’s prediction last week that its own sales slump would bottom out in the middle of its 2020 fiscal year. Emerson’s guidance for $3.48 to $3.72 in adjusted earnings per share implies a decline compared with last year’s numbers on the same basis. Sales may slump as much as 2%, excluding the impact of currency swings and M&A. With numbers like that, Emerson’s goal of achieving $4.50 in EPS by 2021 would be a significant stretch. Emerson said it will “reset” its long-term guidance as part of its February update. What’s troubling is that Emerson’s 2020 outlook doesn’t appear to reflect many benefits from the $95 million it spent cutting costs over the past year to adjust its operations to the downturn, Gordon Haskett analyst John Inch wrote in a report on Tuesday. That’s key because cost cuts sit at the crux of D.E. Shaw’s argument for a higher stock price. Analysts have pushed back on D.E. Shaw’s estimate of more than $1 billion in excess costs at Emerson, noting that some of the activist investor’s margin comparisons are unfair because many of the company’s rivals strip out restructuring, pension expenses and other expenses. In response, Emerson provided additional details about its pension and stock compensation costs for its most recent results. But it also moved to an adjusted earnings outlook after previously giving its forecast on a GAAP basis except in certain circumstances. The company says this is because 2020 restructuring actions will be determined as part of the board’s review and the guidance will be updated in February to reflect that. Let’s hope that’s true and that D.E. Shaw’s push doesn’t have the unfortunate side effect of yet another industrial company becoming addicted to earnings adjustments.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Business Wire
Emerson Declares Dividend
The board of directors of Emerson today declared the regular quarterly cash dividend of fifty cents per share of common stock payable December 10, 2019 to stockholders of record November 15, 2019.
- Zacks
Emerson's (EMR) Q4 Earnings Meet Estimates, Increase Y/Y
Emerson's (EMR) fourth-quarter fiscal 2019 revenues increase 2% on the back of impressive performance of its Automation Solutions segment.
- Barrons.com
Emerson Electric Made a Deal With Activist Investor, but It’s Gloomy About 2020
Emerson Electric’s earnings, reported Tuesday morning, were solid, but management said sales could fall in fiscal 2020.
- American City Business Journals
Emerson expands board, eliciting cheers from activist investor
Emerson Electric Co. on Tuesday announced it was expanding its board of directors, adding former Flowserve CEO Mark Blinn in a move that received praise from the activist investor moving to break up the company. Blinn has more than 20 years of experience operating multi-industrial businesses and as "a breadth of knowledge in energy and automation end markets," Emerson CEO and Chairman David N. Farr said in a news release. D.E. Shaw is pushing to break up Emerson into two separate companies: an industrial automation company and a climate technology-focused company, while targeting what it's described as "inefficient and insufficiently focused" efforts to contain costs, estimating the manufacturer can save over $1 billion annually.
- Reuters
UPDATE 1-Emerson Electric names activist investor-backed Mark Blinn to board
Emerson Electric Co said on Tuesday it named Mark Blinn to its board, bowing to pressure from activist shareholder D.E. Shaw, which has called for a breakup of the U.S. factory automation equipment maker. The New York-based hedge fund, which owns a more than 1% stake in the Ferguson, Missouri-based company, wants Emerson to split into two businesses - the industrial automation business and the climate technology-focused unit. The hedge fund has said the move could unlock more than $20 billion worth of shareholder value.
- Business Wire
Emerson Reports Fourth Quarter and Full Year 2019 Results, Provides 2020 Outlook
ST. LOUIS-- -- Fourth quarter net sales of $5.0 billion increased 2 percent; underlying sales up 3 percent Fourth quarter EPS of $1.16 and full year $3.71 included discrete tax benefits of $0.09 and $0.14, respectively Fourth quarter operating cash flow of $1.2 billion, up 18 percent Full year operating cash flow of $3.0 billion; Free cash flow of $2.4 billion, net earnings conversion of 105 percent ...
- Business Wire
Emerson Names Mark Blinn to Board of Directors
Emerson (EMR) today announced that its Board of directors has elected Mark Blinn, the former President and Chief Executive Officer of Flowserve Corporation, as an independent director. Blinn has more than 20 years of experience operating multi-industrial businesses in senior executive roles, as well as significant legal expertise and Board experience, including as a Lead Independent Director and Audit Committee Chair. “Mark has a breadth of knowledge in energy and automation end markets and expertise that spans across industries, and we are pleased to welcome him to our Board,” Chairman and Chief Executive Officer David N. Farr said.
- Bloomberg
Emerson Plans Measures to Reach Peace With D.E. Shaw
(Bloomberg) -- Emerson Electric Co. is expected to announce measures Tuesday aimed at striking a truce with investor D.E. Shaw & Co., which has pushed for a breakup of the automation-equipment manufacturer, according to people familiar with the matter.Emerson Electric is expected to appoint to its board Mark Blinn, the former chief executive officer of Flowserve Corp., said the people, asking not to be identified because the matter is private. Blinn was among four possible board candidates D.E. Shaw had put forth, the people said.The company is also expected to announce that it will complete its strategic review by early next year, the people said. It will also review its corporate governance, they added.Emerson rose 2% in trading Monday to close at $73.22 in New York, giving the company a market value of about $45 billion.Emerson Electric, based in St. Louis, is expected to announce the measures when it releases its third-quarter results Tuesday, the people said.Representatives for D.E. Shaw and Emerson Electric declined to comment.D.E. Shaw disclosed a position in Emerson Electric last month and urged the company’s board to split its business into two units: an industrial automation company and a climate technology-focused company. The moves, combined with other measures including cost cuts, could create more than $20 billion in equity value, the New York-based investor said.Emerson Electric will carry out a wide-ranging review of its business, the company announced last month. It has underperformed its peers since losing about a third of its sales in a previous restructuring.(Updates with additional details in paragraph three, share price in paragraph four.)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GuruFocus.com
Tweedy Browne Trims Baidu, Exits Mastercard
Fund's largest sales of the 3rd quarter Continue reading...
- Business Wire
Emerson Survey Highlights Critical Role of Comfort During Holiday Gatherings
If you’ve ever adjusted a thermostat at a holiday party to gain relief from sweating through a homemade reindeer sweater – you’re not alone. A new survey by heating and cooling technology leader Emerson (EMR) shines a light on the critical role of temperature and comfort during holiday gatherings. The survey found that nearly three out of five respondents (58%) say they have (or know someone who has) adjusted someone else’s thermostat during the holidays without telling them.
- TheStreet.com
Emerson Electric: Charts Are All Pointed Up Ahead of Earnings
At the beginning of Friday night's Mad Money program Jim Cramer outpointed the stocks he was zeroing in on this week. On Tuesday he noted that we hear from Emerson Electric Co. and Cramer said this company should give us a read on the industrial economy. The daily On-Balance-Volume (OBV) line has been positive in recent months and tells us that buyers of EMR have been more aggressive ahead of earnings.
- Zacks
Emerson (EMR) to Report Q4 Earnings: What's in the Cards?
Emerson's (EMR) fiscal Q4 earnings are likely to have gained from strong prospects in the Automation Solutions segment. Weak global discrete manufacturing market might have been a concern.
- Reuters
Fly Emerson Air: How a U.S. company deploys its seven corporate jets
As Tiger Woods staged his dramatic comeback at Augusta National Golf Club earlier this year, most of Emerson Electric Co's fleet of luxury corporate jets swooped in. By the time Woods sealed his fifth Masters victory on April 14, Emerson pilots had landed 13 times at the airport during the four-day tournament. Emerson, which is in the vital but unglamorous business of making products such as measurement and control systems used by manufacturing companies, is now taking heat over its ownership of eight aircraft.
