Emerson Electric Co. (NYSE:EMR) Receives $124.33 Consensus PT from Brokerages

Shares of Emerson Electric Co. (NYSE:EMR) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $125.18.

A number of equities research analysts have commented on EMR shares. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and increased their target price for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Wells Fargo & Company lowered their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic began coverage on Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th.

Emerson Electric Stock Performance

NYSE EMR opened at $105.41 on Monday. The business has a 50 day moving average price of $109.46 and a 200 day moving average price of $109.87. The company has a market capitalization of $60.31 billion, a P/E ratio of 5.64, a PEG ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. Sell-side analysts expect that Emerson Electric will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Institutional Investors Weigh In On Emerson Electric

Institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the period. Security National Bank purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $29,000. Tributary Capital Management LLC acquired a new position in shares of Emerson Electric in the first quarter worth about $35,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other 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.