Emerson Electric Co. (NYSE:EMR) | Emerson Closes Purchase of EGS Electrical and Renames to Appleton Group

Emerson Electric Co. (NYSE:EMR) [Business Wire] – Emerson today announced that it has closed the transaction acquiring SPX Corporation’s 44.5 percent minority interest in EGS Electrical Group, giving it 100 percent ownership of the business.
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Emerson Electric Co. (EMR), valued at $48.30B, started the session at $69.01.
 
Looking at the equity, the company’s one day range is $68.55 to $69.13 with a one year range of $53.09 to $70.66.
 
EMR shares are currently priced at 18.07x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.59x earnings multiple.
 
And for dividend hunters, the company pays shareholders $1.72 per share annually in dividends, yielding 2.50%.
 
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 $3.81, which would be a $0.27 better 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 $5.58 Billion. If realized, that would be a 0.54% increase over the year-ago quarter.
 
Recently, Oppenheimer downgraded EMR from Outperform to Perform (Nov 20, 2012). Previously, Deutsche Bank Initiated EMR at to Hold.
 
Investors should keep in mind is that the average price target is $69.63, which is 0.90% 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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