Stock Update: Emerson Electric (NYSE:EMR) – Emerson Purchases Leading Reliability Consulting Services Firm

Emerson Electric (NYSE:EMR) [Business Wire] – Emerson today announced that it has acquired Management Resources Group, Inc. , a leading reliability consulting services firm. The acquisition adds the deep asset-reliability consulting expertise of MRG to Emerson Process Management’s existing asset management capabilities to help customers who face growing needs to improve safety, increase plant uptime and reduce maintenance costs.
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Emerson Electric Co. (EMR), currently valued at $46.41B, opened at $66.59.
 
Today’s price range has been between $66.05 and $66.61 per share and has traded between $53.42 and $70.66 over the past year.
 
Priced at 17.77x this year’s forecasted earnings, EMR shares are relatively expensive compared to the industry’s 13.71x forward p/e ratio.
 
And for those looking to make a return holding the stock, the company pays shareholders $1.72 per share annually in dividends, yielding 2.60%.
 
According to a consensus of 23 analysts, the earnings estimate of $1.07 per share would be $0.10 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $3.75 which would be a $0.21 better than last year’s full-year earnings.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.45 Billion. If reported, that would be a 1.74% increase over the year-ago quarter.
 
Recently, Oppenheimer upgraded EMR from Perform to Outperform (Mar 21, 2014). Previously, Oppenheimer downgraded EMR from Outperform to Perform.
 
When considering if the stock is under or overvalued, the average price target is $73.04, which is 9.69% above where the stock opened this morning.
 
Summary (NYSE:EMR) :  Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Its Process Management segment offers customers products and technology, and engineering and project management services for precision measurement, control, monitoring, and asset optimization of oil and gas reservoirs and power generating plants, as well as for plants that process or treat food and beverages, pulp and paper, pharmaceuticals, municipal water supplies, and oil, natural gas, and petrochemicals. The company’s Industrial Automation segment provides integrated manufacturing solutions for products, including motors, drives, power generating alternators, power transmission solutions, fluid controls, and materials joining equipment. Its Network Power segment designs, manufactures, installs, and maintains products that offer electric power conditioning, power reliability, environmental control for telecommunications networks, data centers, and other critical applications, as well as comprehensive data center infrastructure management solutions. The company’s Climate Technologies segment provides products and services for various areas of the climate control industry, such as residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and marine controls. Its Commercial and Residential Solutions segment offers a range of professional and do-it-yourself tools, fixed and mobile storage products, and appliances and components. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. 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 (NYSE:EMR) .

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