EMR - Emerson Electric Co.
| Previous Close | 73.14 |
| Open | 73.06 |
| Bid | 73.35 x 800 |
| Ask | 73.38 x 800 |
| Day's Range | 72.61 - 73.51 |
| 52 Week Range | 55.98 - 78.38 |
| Volume | 2,797,075 |
| Avg. Volume | 2,733,045 |
| Market Cap | 44.976B |
| Beta (5Y Monthly) | 1.41 |
| PE Ratio (TTM) | 20.97 |
| EPS (TTM) | 3.51 |
| Earnings Date | May 04, 2020 |
| Forward Dividend & Yield | 2.00 (2.72%) |
| Ex-Dividend Date | Feb 12, 2020 |
| 1y Target Est | 80.61 |
- Yahoo Finance
Boeing, Apple, Google top growing list of companies warning about a coronavirus impact
Yahoo Finance is maintaining a working list companies that have been affected by the outbreak, and are expected to feel the effects through the first half of the year.
- Zacks
Emerson (EMR) Discusses Strategic Targets at Investor Day
Emerson (EMR) expects digital transformation, investments, productivity and cost reduction efforts to deliver high values to customers and shareholders.
- American City Business Journals
Emerson unveils $425M cost-cutting plan that eliminates 2,900 jobs
Executives of the Ferguson-based automation and technology firm, however, said it will not break the company in two, as was suggested last year by an activist investor.
- Reuters
Emerson says will not pursue a break-up following internal review
Breaking up Emerson was one of the demands made by hedge fund D.E. Shaw & Co LP last October, when it announced it owned more than 1% of the company. Emerson unveiled some corporate governance changes in November that won D.E. Shaw's endorsement and avoided a challenge to its board. A spokesman for D.E. Shaw declined to comment on Thursday on whether the hedge fund remains an Emerson shareholder and what its reaction to the company's announcement was.
- Business Wire
Emerson to Make Available Presentation Materials from Annual Investor Conference
Emerson (NYSE: EMR) announced today that presentation materials from its annual investor conference will be made available at 7:30 a.m. ET on Thursday, Feb. 13, on Emerson’s website at www.emerson.com/en-us/investors. The conference will include presentations from Chairman and Chief Executive Officer David N. Farr and other senior executives.
- Zacks
Here's Why Investors Should Bet on Emerson (EMR) Stock Now
Favorable trends in most of Emerson's (EMR) process and hybrid end markets along with solid robust backlog level at the Automation Solutions segment are impressive.
- Thomson Reuters StreetEvents
Edited Transcript of EMR earnings conference call or presentation 4-Feb-20 8:00pm GMT
Q1 2020 Emerson Electric Co Earnings Call
- Business Wire
Emerson Partners With Belgian Research Group to Prepare Next Generation of Brewers
Emerson (NYSE: EMR), a global technology and engineering company, today announced it is partnering with Ghent University (UGent) and University College Ghent (HOGENT) in Ghent, Belgium, to revamp, automate and modernize a pilot brewery, including providing equipment and support services. The two institutions share a common brewery research group in the Laboratory for Brewing and Fermentation Science and Technology. The laboratory offers hands-on training using the latest digital automation technologies to educate the next-generation workforce, close skills gaps and enable digital transformation throughout the region’s brewing industry, where technology is key to keeping pace with the increasing demand for craft beer.
- Business Wire
Emerson Develops Technology to Help Contractors Manage Skilled Labor Shortage
Emerson (NYSE: EMR), a leader in heating, ventilation and air conditioning (HVAC) controls and creator of top-rated smart thermostat solutions, has created new technology to help homeowners avoid costly and unexpected HVAC repairs, while providing contractors with real-time system insights that drive business predictability and service.
- Simply Wall St.
Only 3 Days Left To Cash In On Emerson Electric Co.'s (NYSE:EMR) Dividend
It looks like Emerson Electric Co. (NYSE:EMR) is about to go ex-dividend in the next 3 days. Ex-dividend means that...
- Bloomberg
No, Boeing Isn’t Ruining Trump's 3% Growth Target
(Bloomberg Opinion) -- Boeing deserves blame for many things, but dragging U.S. economic growth below 3% isn’t one of them. U.S. Treasury Secretary Steven Mnuchin told Fox Business on Thursday that Boeing Co. is a big reason the U.S. won’t see the 3% expansion in gross domestic product that the Trump administration had been predicting for 2020. The Max crisis will shave 50 basis points or more off of GDP this year, Mnuchin said.Boeing is the largest U.S. exporter, and a production halt for its grounded 737 Max that took effect in January will undoubtedly be a drag on growth, particularly in the first quarter, and economists have said as much. Federal Aviation Administration chief Steve Dickson said Thursday that Boeing had discovered yet another new software issue on the Max in the latest reminder that the jet’s return remains highly fluid and that the current best estimate for a mid-2020 reintroduction may be realistic rather than conservative.(1) But to believe Mnuchin’s statement, you have to also believe that there was ever a real shot of 3% growth this year. Most economists would disagree.The median forecast of economists surveyed by Bloomberg is for 1.8% U.S. GDP growth this year. That number hasn’t been above 2% since May 2018, almost six month before the first Boeing Max jet crashed off the coast of Indonesia. The Max wasn’t grounded globally until five months after that. Even the most optimistic of the economists surveyed by Bloomberg haven’t called for 2020 GDP growth of 3%-plus since around last March, and there was little indication then that the Max crisis would drag out as long as it did or be as painful for the economy as it will end up being. Boeing initially said it would have all necessary paperwork in to the FAA by late March and didn’t signal it was even thinking about taking the drastic step of shutting down production until July. For the record, the median forecast for 2021 GDP, when Boeing Max production should be ramping back up, is 1.9%. It feels like Boeing is a convenient scapegoat for an administration that doesn’t care to admit its trade war with China dragged the manufacturing sector into a mild recession last year and that expectations for a swift recovery off of the eventual ceasefire signed in January were overblown. Even after the Max production halt was announced, White House economic adviser Larry Kudlow told CNBC Jan. 21 that U.S. GDP growth would get to 3% this year. In reality, plenty of industrial companies that have almost nothing to do with Boeing have been downbeat about their growth prospects in the coming year, calling for a still sluggish first half and a second-half recovery that many analysts expect to be relatively muted. “It took industrial activity a while to cool off and it will take a while to heat back up,” Jim Foote, CEO of railroad CSX Corp., said on the company’s earnings call last month. He didn’t mention the Max as a factor. Emerson Electric Co. and 3M Co. both announced fresh restructuring pushes to counter what remains a lackluster economic environment; neither of those companies are major suppliers to Boeing. The trade ceasefire agreed to in January will result in some rollback of tariffs: China said Thursday it will cut levies on some $75 billion of American imports later this month, while the U.S. will cut tariffs on about $120 billion of more consumer-facing goods. But the initial tariffs placed by the U.S. on some $250 billion of mostly manufacturing-related products from China remain in place. Meanwhile, China has been wishy-washy about how firm the purchasing commitments agreed to in the trade deal actually are, with caveats including market demand, quality and safety standards and, reportedly, the impact of the burgeoning coronavirus crisis. The U.S. economy likely isn’t going to grow at a 3% rate in 2020. But you can’t lose something you never had.(1) This particular problem has to do with an alert for the so-called trim system that moves the plane's nose up and down. It's not clear how much of a delay, if any, will result from this issue and Dickson also indicated a certification flight could occur within weeks.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
After activist investor’s criticism, Emerson trims aircraft fleet
Ferguson-based Emerson Electric has trimmed its private aircraft fleet nearly in half, just months after an activist investor took aim at the technology and engineering conglomerate's management of eight airplanes and a helicopter.
- Business Wire
Emerson’s New Virtual Reality Simulation Improves Workforce Safety and Speeds Training
Emerson (NYSE: EMR) today announced Mimic™ Field 3D, an immersive training experience designed to help new and incoming workers gain a deep understanding of how changes in the field impact industrial plant processes. This virtual reality-based (VR) solution gives personnel simulated hands-on experience to prepare for any plant event, helping them make better decisions regarding operating changes and practice proper procedures before entering potentially hazardous plant areas.
- Zacks
Near-Term Outlook Dull for Manufacturing Electronics Stocks
Near-Term Outlook Dull for Manufacturing Electronics Stocks
- Zacks
Emerson's (EMR) Q1 Earnings Meet Estimates, Decrease Y/Y
Emerson Electric's (EMR) first-quarter fiscal 2020 revenues increase 0.1% on the back of impressive performance of its Automation Solutions segment.
- Business Wire
Emerson Declares Dividend
The board of directors of Emerson (NYSE: EMR) today declared the regular quarterly cash dividend of fifty cents ($0.50) per share of common stock payable March 10, 2020 to stockholders of record February 14, 2020.
- Zacks
Emerson Electric (EMR) Q1 Earnings Match Estimates
Emerson Electric (EMR) delivered earnings and revenue surprises of 0.00% and -0.37%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Emerson Reports First Quarter 2020 Results and Updates Full Year Guidance
Emerson (NYSE: EMR) today reported results for the first quarter ended December 31, 2019 and announced updated guidance for the fiscal year.
- Zacks
What's in the Offing for Emerson (EMR) in Q1 Earnings?
Emerson's (EMR) fiscal Q1 earnings are likely to have gained from steady demand in process and hybrid end markets. Weak global discrete manufacturing market might have been a concern.
- Bloomberg
GE Bulls Finally Have More Than Hope on Their Side
(Bloomberg Opinion) -- General Electric Co.’s shares have traded more on hope than hard math over the past year, but it looks like CEO Larry Culp’s turnaround efforts are starting to yield real results.Free cash flow is the key number to watch when the company reports earnings, and GE said Wednesday that it generated $2.3 billion from its industrial businesses over the course of 2019. That exceeded the high end of GE’s guidance range, which was updated twice over the course of the year from an initial call in March for free cash flow to be at best zero. Was Culp sandbagging expectations, or setting a low bar to start with and artfully managing to a positive surprise? (1) It’s a fine line, but either way, the strategy worked. GE shares climbed more than 50% in 2019 and shareholders were still wowed enough by Wednesday’s results to send the stock up an additional 10%.A lot of that optimism has to do with GE’s forecast for 2020. The company is projecting free cash flow will at least roughly match 2019’s performance and potentially rise to as high as $4 billion. That would still fall below what GE generated in 2018 amid depressed results, but would represent significant progress nonetheless, and exceeds most analysts’ estimates. The company plans to hold a meeting with investors this coming March to lay out its outlook in more detail. On the earnings call, however, Culp let a few details slip.The beleaguered power and renewables units will likely continue to burn cash in 2020, with power improving from the negative $1.5 billion in cash flow in 2019 and renewables seeing a deterioration from the negative $1 billion the unit saw last year. Aviation will be flat to up from the $4.4 billion level of 2019, with the return of Boeing Co.’s 737 Max the biggest source of variability. That leaves health care as the one question mark. We already know the unit will be losing cash flow from the biopharma business that’s being sold to Danaher Corp. Without biopharma, the health-care division would have generated about $1.2 billion in cash flow in 2019 and GE had previously guided for an increase in 2020. Taking all of that together, GE should be able to fall well within its guidance range, but the potential to rack up a similar string of outsize positive surprises is arguably more limited this year.Boeing’s Max is the biggest source of volatility for GE’s guidance, Culp said on the earnings call, and the company is currently modeling for a mid-2020 return of the jet, in line with Boeing’s most recent “best estimate.” Boeing also reported earnings today and, based on that timeline, announced a fresh $5.2 billion in charges tied to compensation for airlines and additional production costs. The company also said it anticipates $4 billion in “abnormal costs” for restarting production of the jet. That brings the total bill for the Max crisis to more than $18 billion, before accounting for any fines or legal penalties from numerous lawsuits and government investigations.GE makes the engines for the Max through its CFM International joint venture with Safran SA and expects to see its shipment rate cut in half in 2020 amid the production halt. Asked about the $1.4 billion drag on free cash flow from the Max grounding in 2019, outgoing Chief Financial Officer Jamie Miller implied free cash flow would have been that much higher without that impact. In that case, arguably 2020 results could also be higher, but there are a lot of moving pieces here and it feels like GE is being more prudent than deliberately conservative.The shift from optics to fundamentals is a welcome one. Culp’s task now is to keep the momentum going. In contrast to this time last year — when expectations could hardly have been much lower for GE — there’s now a fair amount of optimism reflected in the shares. After the stock pop on Wednesday, the company is currently valued at about 28 times its expected 2020 industrial free cash flow of at most $4 billion. That compares with about 20 times at Honeywell International Inc. and about 18 times for Emerson Electric Co. Put another way, much of GE’s anticipated progress in this multi-year turnaround is already priced in to the stock. But so far, Culp has proved the skeptics wrong and the optimists justified. So maybe there’s more room yet for hope.(1) To put that in perspective, consider that about a month before GE gave its initial comments on 2019, uber-bear JPMorgan Chase & Co. analyst Steve Tusa was forecasting $2.5 billion in industrial free cash flow for 2019 -- meaning the actual results are actually weaker than what even he had expected heading into the year.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Ingersoll-Rand (IR) Q4 Earnings & Revenues Lag, Bookings Dip
Ingersoll-Rand's (IR) fourth-quarter 2019 revenues gain from strong segmental performance.
- Zacks
Analysts Estimate Emerson Electric (EMR) to Report a Decline in Earnings: What to Look Out for
Emerson Electric (EMR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
United Technologies (UTX) Q4 Earnings and Revenues Beat
United Technologies' (UTX) fourth-quarter earnings and revenues beat estimates on the back of solid performance across most of its segments.
- Zacks
A. O. Smith (AOS) Q4 Earnings and Revenues Miss, Down Y/Y
A. O. Smith's (AOS) fourth-quarter 2019 earnings and revenues decline year over year on account of weak performance in Rest of World segment due to its soft consumer demand in China.
- Zacks
Will Ailing Power Segment Continue to Hurt GE in Q4 Earnings?
General Electric's (GE) Power segment's fourth-quarter results are likely to reflect the adverse impacts of prevailing internal and external challenges. Initiatives to restructure the power portfolio might have benefitted.
