Company Update: Emerson Electric (NYSE:EMR) – Emerson Invests in Innovation to Solve Some of the World’s Biggest Heating and Cooling Challenges

[Business Wire] – Emerson , a leader in thermostats and heating, cooling and refrigeration technology, is bringing the industry and other partners together to increase the pace of innovation in areas that are central to safety, quality of life and sustainability. Read more on this. Emerson Electric Co. (EMR) , with a current market cap of $36.36B, finished yesterday at $56.11. Looking at today’s market, EMR one day range is $55.96 to $56.77 with its 52-week range being $41.25 to $62.75. Priced at 18.40x this year’s forecasted earnings, EMR shares are relatively expensive compared to the industry’s -10.08x forward p/e ratio. And for passive income investors, the company pays shareholders $1.90 per share annually in dividends, yielding 3.43%. According to a consensus of 24 analysts, the earnings estimate of $0.63 per share would be $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $3.05 which would be a $0.12 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.89 Billion. If realized, that would be a 9.44% decrease over the year-ago quarter. In terms of ratings, Standpoint Research downgraded EMR from Buy to Hold (Feb 29, 2016). Previously, Standpoint Research upgraded EMR from Hold to Buy. The average price target for EMR shares is $50.35, which is 10.27% below where the stock opened this morning. See more in (NYSE:EMR) Similar Articles: Company Update: Emerson Electric (NYSE:EMR) – Emerson Announces Mike Train Will Lead Reshaped Automation Solutions Business Stock Update: Emerson Electric (NYSE:EMR) – Emerson to Help Cameron LNG Deliver Complex, Multi-Billion Dollar LNG Project on Schedule Company Update: Emerson Electric (NYSE:EMR) – Emerson Declares Dividend