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Emerson Electric Co (EMR.N)

EMR.N on New York Stock Exchange

58.00USD
21 Aug 2017
Change (% chg)

$0.00 (+0.00%)
Prev Close
$58.00
Open
$58.01
Day's High
$58.23
Day's Low
$57.83
Volume
752,922
Avg. Vol
973,686
52-wk High
$64.36
52-wk Low
$49.23

Latest Key Developments (Source: Significant Developments)

Emerson Electric continues to expect about 10 pct decline in Q1 sales
Tuesday, 20 Dec 2016 07:31am EST 

Emerson Electric Co : Underlying orders were down 5 percent with unfavorable currency translation of 2 percent from a stronger u.s. Dollar . Continue to expect an approximately 10 percent decline in sales in Q1 . Nov trailing three-month orders decreased 7 percent-sec filing .Emerson Electric Co - recent order trends support an expectation for mid-single digit sales growth in Q1.  Full Article

CCI approves acquisition of Emerson’s motors, drives & electric power generation biz by Nidec Corp
Wednesday, 14 Dec 2016 07:10am EST 

Competition Commission of India: CCI approves acquisition of Emerson’s motors, drives and electric power generation business by Nidec Corporation Further company coverage: [6594.T] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Emerson Electric increases quarterly cash dividend from $0.475 to $0.48 per share
Tuesday, 1 Nov 2016 10:16am EDT 

Emerson Electric Co : Emerson increases quarterly cash dividend .Sets quarterly cash dividend of $0.48 per share.  Full Article

Emerson secures metering management services contract with Nexen
Wednesday, 24 Aug 2016 10:00am EDT 

Emerson Electric: Emerson secures metering management services contract with Nexen .Nexen Petroleum U.K. has awarded emerson new five-year contract to provide metering management services for Nexen's UK operations.  Full Article

Emerson Electric to pay Pentair cash reverse termination fee if deal is terminated
Thursday, 18 Aug 2016 04:39pm EDT 

Emerson Electric Co :If deal is terminated under specified antitrust related circumstances, co to pay Pentair, cash reverse termination fee - SEC filing.  Full Article

Emerson to purchase Valves & Controls business of Pentair for $3.15 bln
Thursday, 18 Aug 2016 04:30pm EDT 

Emerson Electric Co says - :Emerson announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion.  Full Article

Emerson agrees to sell Network Power for $4 billion
Tuesday, 2 Aug 2016 06:49am EDT 

Emerson Electric Co: Emerson reaches agreement to sell network power for $4 billion to platinum equity . Will retain a subordinated interest in network power .Network Power to continue to be led by Scott Barbour, executive vice president of Emerson and business leader for Network Power.  Full Article

Emerson reports Q3 earnings per share $0.74
Tuesday, 2 Aug 2016 06:45am EDT 

Emerson Electric Co : Q3 earnings per share $0.74 . Q3 adjusted earnings per share $0.80 excluding items . Q3 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Q3 sales $5.1 billion versus I/B/E/S view $5.32 billion . Sees FY 2016 earnings per share $2.37 to $2.55 . FY 2016 reported sales are expected to be down 9 to 10 percent . FY2016 earnings per share view $3.07 -- Thomson Reuters I/B/E/S . Considering tough market conditions, expects fiscal year 2016 underlying sales to be down 5 to 6 percent, excluding items .Sees FY 2016 adjusted earnings per share $2.90 to $3.00.  Full Article

Emerson Electric q3 adjusted EPS $0.80
Tuesday, 2 Aug 2016 06:45am EDT 

Emerson Electric Co : Q3 earnings per share $0.74 . Sees FY earnings per share $2.37 to $2.55 . Sees fy 2016 sales down 5 to 6 percent . Q3 results "continued to reflect low growth global environment facing our businesses" . Expects 2016 underlying sales to be down 5 to 6 percent excluding negative currency translation . Sees FY reported sales expected to be down 9 to 10 percent . Q3 adjusted earnings per share $0.80 excluding items . Qtrly net sales $5,126 million versus $5,503 million . Emerson electric co sees FY reported sales to be down 9 to 10 percent . Sees fy adjusted earnings per share $2.90 to $3.00 . FY2016 earnings per share view $3.07 -- Thomson Reuters I/B/E/S .Also expects to spend an additional $50 to $60 million in fiscal 2017 in restructuring.  Full Article

Emerson Electric to sell Leroy-Somer and Control Techniques Businesses to Nidec Corp for $1.2 bln
Tuesday, 2 Aug 2016 06:35am EDT 

Emerson Electric Co : Deal for $1.2 billion . Emerson to sell Leroy-Somer and Control Techniques Businesses to Nidec Corporation .J.P. Morgan securities LLC and Centerview Partners LLC served as financial advisors to Emerson.  Full Article

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Emerson Electric raises full-year forecast on strong demand

Factory automation equipment maker Emerson Electric Co raised its full-year forecast, helped by improving orders and stabilizing demand from industries including oil and gas.