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

Shares of Emerson Electric Co. (NYSE:EMR) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $116.25.

A number of analysts recently commented on EMR shares. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. UBS Group raised their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, KeyCorp lifted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tobam boosted its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Emerson Electric in the first quarter worth about $29,000. Security National Bank purchased a new stake in Emerson Electric during the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. increased its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Finally, Burkett Financial Services LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.0 %

NYSE EMR opened at $108.63 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $62.01 billion, a P/E ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. The business has a fifty day simple moving average of $110.06 and a 200 day simple moving average of $98.94. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $0.78 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, analysts predict that Emerson Electric will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is presently 10.94%.

About Emerson Electric

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.