Company Update: Emerson Electric (NYSE:EMR) – Emerson’s Top-Rated Sensi™ Wi-Fi Programmable Thermostat Now Available Through EnergyHub

[Business Wire] – Emerson , a leader in thermostats and heating, cooling and refrigeration technology, today announced its top-rated Sensi™ Wi-Fi Programmable Thermostat is now eligible for demand response programs managed by EnergyHub. Read more on this. Emerson Electric Co. (EMR) , currently valued at $33.44B, began trading this morning at $52.23. Shares have traded today between $51.95 and $52.45 per share and has traded between $41.25 and $61.28 over the past 12 months. EMR shares are currently priced at 16.83x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.13x earnings multiple. And for passive income investors, the company pays shareholders $1.90 per share annually in dividends, yielding 3.64%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $0.85 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $3.09, which would be a $0.08 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.35 Billion. If reported, that would be a 2.73% decrease over the year-ago quarter. More recently, Standpoint Research downgraded EMR from Buy to Hold (Feb 29, 2016). Previously, Standpoint Research upgraded EMR from Hold to Buy. Investors should keep in mind is that the average price target is $53.30, which is 2.05% above 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 (NYSE:EMR): Emerson’s Sensi™ Wi-Fi Programmable Thermostat Now Works Directly with Amazon Echo Company Update: Emerson Electric (NYSE:EMR) – Emerson Declares Dividend