Emerson Electric Co. (NYSE:EMR) Receives $124.59 Average PT from Brokerages

Emerson Electric Co. (NYSE:EMR) has received an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have assigned 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 $125.47.

Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price objective on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th.

Emerson Electric Stock Down 0.0 %

EMR opened at $110.41 on Tuesday. The company’s 50-day moving average price is $105.80 and its two-hundred day moving average price is $109.13. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a market cap of $63.17 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, equities analysts expect that Emerson Electric will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC grew its position in Emerson Electric by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 7,803 shares of the industrial products company’s stock worth $737,000 after acquiring an additional 143 shares in the last quarter. Syon Capital LLC increased its position in shares of Emerson Electric by 26.9% during the 4th quarter. Syon Capital LLC now owns 3,452 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 732 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Emerson Electric by 25.4% during the 4th quarter. EP Wealth Advisors LLC now owns 6,991 shares of the industrial products company’s stock valued at $680,000 after buying an additional 1,415 shares in the last quarter. Fisher Asset Management LLC lifted its position in Emerson Electric by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 215,491 shares of the industrial products company’s stock worth $20,974,000 after buying an additional 5,188 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in Emerson Electric in the fourth quarter worth approximately $906,000. 74.30% of the stock is currently owned by 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.