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By: Bhavik Khandhar, Tracy Marsolo & Matt Shubeck
Featuring: Brandon Harlow (Utilities)
Recap of Sector Analysis Company Analysis Business Analysis Financial Analysis Valuation Analysis Recommendation Q & A
Increase Industrials by 150 BP to 10.94% of portfolio
Industrials are leaders in a recovery We recommended buying from Industrial
Conglomerates or Electrical Components
General Electric 1.49% Osh Kosh Corporation 1.99% Shaw Group 4.40% Canada Pacific Railway 1.56% Total 9.44%
Emerson is a diversified global manufacturing and technology company.
Emerson offers a wide range of products and services in the areas of process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation
Company is recognized widely for their engineering capabilities and management excellence
Process Management Industrial Automation Network Power Climate Technologies Appliance and Tools
Ranked No. 30 on the Information Week magazine's annual listing of the most innovative users of information technology in the United States.
Ranked among the country's 400 best of the biggest publicly traded companies & has been on the list for the past 8 years.
Ranked No. 2 in Institutional Investor Magazine’s America’s Most Shareholder-Friendly Companies in March 2009
Increased dividends over the last 52 years
Last Trade: 32.18 ETChange: 0.51 (1.52%) Prev Close:33.63 Open:33.33 1y Target Est:37.17 Day's Range:33.33 -
34.19 52wk Range:24.39 -
58.72
Volume:2,049,884 Avg Vol (3m):6,631,800 Market Cap:25.65B P/E (ttm):12.39 EPS (ttm):2.76 Div & Yield:1.32
(3.70%)
Median 17.6
Median 15
Emerson AMETEK Baldor ElectricComposite Tech Cooper
Espey Mfg Franklin
Electric Hubbell A Hubbell BRegal Beloit
Roper Industries
Smith (A.O.)
UQM Tech
Zareba Systems Total
25632 3273 1058 52 5600 38 542 248 1615 1224 4067 645 50 4 44048
58.1911 7.4305 2.4019 0.118112.713
4 0.0863 1.2305 0.5630 3.66652.778
8 9.2331 1.4643 0.1135 0.0091
3386.2 55.2128 5.7692 0.0139161.63
06 0.0074 1.5141 0.3170 13.44297.721
7 85.2503 2.1442 0.0129 0.00013719.2
37
>1800Highly Concentrated
<1800>1000
Moderately Concentrated
<1000Not Concentrated
ROE 0.27442
Leverage 2.27677
ROA 0.12053
Asset Turnover 1.21842
Profit Margin 0.09892
EBIT Margin 0.15234
1-interest burden 0.95025 interest burden 0.049749
1-tax bruden 0.68338 tax burden 0.31662
Absolute EMR high low median current
Your Target Multiple
Target E, S, B, CF per share Target Price
P/ Forward E 21.3 10 17.6 14.8 17.6 2.330 41.008
P/S 2.1 0.8 1.8 1 1.8 28.556 51.401
P/B 5.1 2.4 4.1 2.9 4.1 11.097 45.496
P/CF 17.5 6.5 15 8.3 15 3.877 58.157
Average Target: 49.02
Current Price: 32.18
Upside: 52%
Year 2004 2005 2006 2007 2008 2009
Quarterly Dividend 0.2 0.2075 0.2225 0.2625 0.3 0.33
Annual Dividend 0.8 0.83 0.89 1.05 1.2 1.32
Dividend Growth 0.0375 0.072289157 0.179775 0.142857 0.1
Average Dividend Growth 0.106484
Beta 1.17 Current Price 32.18
Market Risk Premium 0.08 Target Price 61.06677
Risk Free Rate 0.0345 Upside 0.897662
Rate 0.1281
General Electric 1.49% Osh Kosh Corporation 1.99% Shaw Group 4.40% Canada Pacific Railway 1.56% Emerson Electric 1.50% Total 10.94%
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