Emerson Electric Co. (NYSE:EMR) Receives Average Recommendation of “Moderate Buy” from Analysts

Emerson Electric Co. (NYSE:EMR) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $142.3889.

EMR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. KeyCorp upped their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Citigroup boosted their price objective on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Finally, Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st.

Emerson Electric Trading Down 1.9%

Shares of Emerson Electric stock opened at $131.78 on Monday. Emerson Electric has a 1-year low of $90.06 and a 1-year high of $150.27. The company’s fifty day simple moving average is $136.53 and its 200-day simple moving average is $121.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market capitalization of $74.17 billion, a PE ratio of 28.34, a P/E/G ratio of 2.62 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $1.43 earnings per share. Emerson Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is 45.38%.

Institutional Trading of Emerson Electric

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Bessemer Group Inc. lifted its position in Emerson Electric by 15.4% in the fourth quarter. Bessemer Group Inc. now owns 23,983 shares of the industrial products company’s stock worth $2,972,000 after buying an additional 3,194 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Emerson Electric by 683.8% during the fourth quarter. Sterling Capital Management LLC now owns 29,880 shares of the industrial products company’s stock worth $3,703,000 after buying an additional 26,068 shares during the period. Townsquare Capital LLC increased its position in Emerson Electric by 34.9% during the fourth quarter. Townsquare Capital LLC now owns 15,990 shares of the industrial products company’s stock valued at $1,982,000 after acquiring an additional 4,139 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $770,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.