Company Update – Emerson Electric Co. (NYSE:EMR) – Emerson Announces Close on Sale of Embedded Computing & Power Majority Interest to Platinum Equity

Emerson Electric Co. (NYSE:EMR) [at noodls] – ST. LOUIS, Nov. 22, 2013 -Emerson (NYSE: EMR) today announced that it has closed the sale of a 51 percent stake in its embedded computing and power business to Platinum Equity. Emerson retains a 49 percent …
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Emerson Electric Co. (EMR), valued at $48.77B, began trading this morning at $67.85.
During the trading session, EMR traded between $67.47 to $68.00 and has traded between $48.53 and $68.44 over the past 12 months.
 
EMR shares are currently priced at 17.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.93x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $1.72 per share annually in dividends, yielding 2.60%.
 
In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.68 per share, which would be $0.06 better than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.82, which would be a $0.28 improvement when compared to the last year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.61 Billion. If realized, that would be a 1.08% increase over the year-ago quarter.
More recently, Oppenheimer downgraded EMR from Outperform to Perform (Nov 20, 2012). Previously, Deutsche Bank Initiated EMR at to Hold.
When considering if the stock is under or overvalued, the average price target is $68.79, which is 1.39% above where the stock opened this morning.
 
Emerson Electric Co. (NYSE:EMR), a diversified technology company, engages in designing and supplying products & technology and providing engineering services and solutions to the industrial, commercial and consumer markets worldwide. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.
 
Tag Helper ~ Stock Code: EMR | Common Company name: Emerson Electric | Full Company name: Emerson Electric Co. (NYSE:EMR) .

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