Emerson Electric Co.
 (EMR)

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  • May 29, 2015, 5:57 PM
    • Fresh from narrowly missing the proxy vote at DuPont and following a successful investment in Ingersoll-Rand, Nelson Peltz is looking at potential activist actions within the industrial sector, RBC analyst Deane Dray writes.
    • Emerson (NYSE:EMR) "stands out" as Peltz's most likely target, according to Dray, as the stock has fallen from grace in recent years and is trading at a big discount to its peers and historical average after missing 10 of its last 19 quarterly earnings estimates.
    • Dray considers Actuant (NYSE:ATU) as the second most likely target, with Eaton (NYSE:ETN), Tyco International (NYSE:TYC) and Grainger (NYSE:GWW) "arguably” targets but less compelling based on “what we know about Trian’s approach."
    | May 29, 2015, 5:57 PM | 9 Comments
  • May 21, 2015, 9:30 AM
    • Alongside Goldman's list of 50 stocks appearing most as top holdings at hedge funds is its list of the 50 top shorts.
    • New additions this quarter: Baxter Intl (NYSE:BAX), UPS, Marriott (NASDAQ:MAR), NextEra (NYSE:NEE), Ford (NYSE:F), National Oilwell Varco (NYSE:NOV), McDonald's (NYSE:MCD), M&T Bank (NYSE:MTB), CenturyLink (NYSE:CTL), Amgen (NASDAQ:AMGN), Pioneer Natural (NYSE:PXD), Duke Energy (NYSE:DUK), Seagate (NASDAQ:STX), AbbVie (NYSE:ABBV), Cisco (NASDAQ:CSCO).
    • The full list (in order of $ value of short interest): AT&T (NYSE:T), Disney (NYSE:DIS), IBM, Verizon (NYSE:VZ), Intel (NASDAQ:INTC), Kinder Morgan (NYSE:KMI), Exxon (NYSE:XOM), Pfizer (NYSE:PFE), J&J (NYSE:JNJ), Deere (NYSE:DE), Caterpillar (NYSE:CAT), Exelon (NYSE:EXC), GE, Boeing (NYSE:BA), Halliburton (NYSE:HAL), Fox (NASDAQ:FOXA), Comcast (NASDAQ:CMCSA), UTX, Regeneron (NASDAQ:REGN), Merck (NYSE:MRK), salesforce.com (NYSE:CRM), AbbVie (ABBV), Conoco (NYSE:COP), Wal-Mart (NYSE:WMT), Eli Lilly (NYSE:LLY), Celgene (NASDAQ:CELG), Schlumberger (NYSE:SLB), AutoZone (NYSE:AZO), Wells Fargo (NYSE:WFC), Emerson (NYSE:EMR), McDonald's (MCD), Reynolds (NYSE:RAI), Target (NYSE:TGT), Accenture (NYSE:ACN), Coca-Cola (NYSE:KO).
    | May 21, 2015, 9:30 AM | 76 Comments
  • May 5, 2015, 11:24 AM
    • Emerson Electric (NYSE:EMR) declares $0.47/share quarterly dividend, in line with previous.
    • Forward yield 3.23%
    • Payable June 10; for shareholders of record May 15; ex-div May 13.
    | May 5, 2015, 11:24 AM
  • May 5, 2015, 7:58 AM
    • Adjusted earnings fell 16% to $0.65 per share vs. $0.77 in the comparable quarter a year ago.
    • Revenue by segment: Process Management -3%; Industrial Automation -16%; Network Power -9%; Climate Technologies -6%; Commercial & Residential Solutions +1%.
    • Share repurchases accelerated to $869M during the quarter.
    • "Emerson faced significant challenges and market headwinds in the second quarter as economic conditions affected demand across our businesses," said CEO David Farr. As a result of the rapid weakening of both orders and sales in Q2, we will further accelerate restructuring.
    • The company now expects net sales to decline -7% to -5% in full-year 2015, and anticipates reported earnings per share of $4.17-$4.32 vs. a previous range of $4.50-$4.60.
    • FQ2 results
    • EMR -1.7% premarket
    | May 5, 2015, 7:58 AM | 6 Comments
  • May 5, 2015, 7:26 AM
    • Emerson Electric (NYSE:EMR): FQ2 EPS of $0.65 misses by $0.11.
    • Revenue of $5.4B (-7.1% Y/Y) misses by $20M.
    | May 5, 2015, 7:26 AM
  • May 4, 2015, 5:30 PM
    | May 4, 2015, 5:30 PM | 5 Comments
  • Apr. 23, 2015, 5:49 PM
    • At least a half-dozen major industrial companies - including GE, Caterpillar (NYSE:CAT) Siemens (OTCPK:SIEGY), Honeywell (NYSE:HON), Dover (NYSE:DOV), Danaher (NYSE:DHR) and Emerson Electric (NYSE:EMR) - are said to be weighing offers for oilfield services assets worth $5B-$10B that Halliburton (NYSE:HAL) is preparing to sell ahead of its pending merger with Baker Hughes (NYSE:BHI), Bloomberg reports.
    • HAL reportedly will send offering materials to those companies, as well as P-E firms and rival oilfield services providers, in the coming weeks; first up likely will be the drill bits unit and another that uses data to track and steer the direction of drills.
    • These companies could own an edge over oilfield services companies that analysts have pegged as logical bidders for HAL’s castoffs - such as National Oilwell Varco (NYSE:NOV) and Superior Energy Services (NYSE:SPN) - because HAL might not want to give any more market share to companies that already offer the same services, preferring to sell to new players entering the market.
    | Apr. 23, 2015, 5:49 PM | 1 Comment
  • Feb. 3, 2015, 12:48 PM
    • Emerson Electric (NYSE:EMR) declares $0.47/share quarterly dividend, in line with previous.
    • Forward yield 3.2%
    • Payable March 10; for shareholders of record Feb. 13; ex-div Feb. 11.
    | Feb. 3, 2015, 12:48 PM
  • Feb. 3, 2015, 8:10 AM
    • Net earnings attributable to common shareholders of 525M vs. $462M in the comparable quarter a year ago. Excluding charges, earnings rose to $0.75 per share from $0.65 per share last year.
    • Gross profit margin expanded 90 bps to 40.8%.
    • Revenue by segment: Process Management +3%; Industrial Automation flat; Network Power -14%; Climate Technologies +15%; Commercial & Residential Solutions +3%.
    • The company expects a reported sales decline of 1%-4% in full-year 2015, and anticipates reported earnings per share of $4.50-$4.60.
    • FQ1 results
    • EMR 0.9% premarket
    | Feb. 3, 2015, 8:10 AM
  • Feb. 3, 2015, 7:06 AM
    • Emerson Electric (NYSE:EMR): FQ1 EPS of $0.75 beats by $0.03.
    • Revenue of $5.58B (-0.5% Y/Y) misses by $10M.
    | Feb. 3, 2015, 7:06 AM
  • Feb. 2, 2015, 5:30 PM
    | Feb. 2, 2015, 5:30 PM | 7 Comments
  • Jan. 22, 2015, 8:22 AM
    • BofA/Merrill has downgraded Emerson Electric (NYSE:EMR) to Underperform from Neutral on expectations that organic growth will decline in 2016 and 2017.
    • The firm also lowered its PT on the stock to $62 from $66.
    | Jan. 22, 2015, 8:22 AM | 6 Comments
  • Jan. 13, 2015, 10:58 AM
    • Emerson Electric (EMR +0.9%) will report FQ1 results on Feb. 3. The conference call is scheduled to begin at 2:00 p.m. ET.
    • Consensus view is revenues of $5.6B.
    | Jan. 13, 2015, 10:58 AM
  • Dec. 15, 2014, 7:42 AM
    | Dec. 15, 2014, 7:42 AM
  • Dec. 12, 2014, 5:08 PM
    • Emerson Electric (NYSE:EMR) is near a sale of its power transmission solutions unit to Regal Beloit (NYSE:RBC) in a deal that would value the business at more than $1.2B, WSJ reports.
    • The unit designs and produces couplings, bearings, gearing and drive components, among other items, for automotive, aeronautic and industrial use.
    | Dec. 12, 2014, 5:08 PM
  • Dec. 1, 2014, 5:49 PM
    • General Electric (NYSE:GE) was the day's biggest loser among the Dow 30, as J.P. Morgan analysts Stephen Tusa and Rajat Gupta include GE among among industrial companies confronted with big risks through their exposure to oil drilling.
    • "The game has changed," the analysts say in now seeing a spread in EPS growth between those that have material exposure to energy and those that do not to a range of ~800 bps; regarding GE, JPM drops oil/gas growth to -2% from +5% and power/water growth to zero from +3% on the back of distributed power weakness, which it pegs at mid-single digit declines for two years, along with the onset of a decline in gas turbines.
    • The firm also downgrades Dover (NYSE:DOV) to Underweight, reaffirms its Underweight on Rockwell Automation (NYSE:ROK), and continues to avoid Emerson Electric (NYSE:EMR), SPX Corp. (NYSE:SPW) and GE; it still likes a few with oil/gas exposure, such as Pentair (NYSE:PNR) given ongoing execution/margin potential, and Honeywell (NYSE:HON), given less direct impact and a strong balance sheet story.
    | Dec. 1, 2014, 5:49 PM | 26 Comments
Company Description
Emerson Electric Co is engaged in designing and supplying products and technology, and delivering engineering services and solutions in industrial, commercial and consumer markets.