Emerson Electric (NYSE:EMR) Hits New 12-Month High at $117.35

Emerson Electric Co. (NYSE:EMR)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $117.35 and last traded at $116.85, with a volume of 1058098 shares trading hands. The stock had previously closed at $114.59.

Analysts Set New Price Targets

Several equities research analysts have commented on EMR shares. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and raised their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. Citigroup raised their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Redburn Atlantic started coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.44.

Emerson Electric Price Performance

The business’s 50-day simple moving average is $110.43 and its 200-day simple moving average is $106.80. The stock has a market cap of $66.92 billion, a PE ratio of 6.25, a PEG ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently bought and sold shares of EMR. Tobam boosted its stake in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in Emerson Electric during the first quarter worth about $29,000. Security National Bank bought a new position in shares of Emerson Electric in the fourth quarter worth approximately $29,000. Cape Investment Advisory Inc. lifted its stake in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter worth approximately $31,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.