Company Update: Emerson Electric (NYSE:EMR) – Emerson Announces Mike Train Will Lead Reshaped Automation Solutions Business

[Business Wire] – Emerson announced today that Michael H. Train will become Emerson executive vice president and group business leader of Emerson’s newly structured Automation Solutions business, effective May 1. Read more on this. Emerson Electric Co. (EMR) , valued at $34.23B, started trading this morning at $53.74. Looking at today’s market, EMR one day range is $52.60 to $53.75 and has traded between $41.25 and $62.75 over the past year. EMR shares are currently priced at 17.60x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -7.79x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.90 per share annually in dividends, yielding 3.51%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.63 per share, which would be $0.02 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $3.04 is a $0.13 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.89 Billion. If reported, that would be a 9.44% decrease over the year-ago quarter. Recently, 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 by the analysts covering it is $49.24, which is 8.37% below where the stock opened. See more in (NYSE:EMR) Similar Articles: 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) – What Makes a Chart Move? Technical Review — Comprehensive Research on Newell Rubbermaid, Emerson Electric, Wynn Resorts, and FedEx Company Update: Emerson Electric (NYSE:EMR) – Emerson Declares Dividend