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

Emerson Electric Co. (NYSE:EMR) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $124.29.

A number of brokerages have recently weighed in on EMR. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird upped their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, 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 target price for the company.

Emerson Electric Stock Performance

EMR opened at $105.93 on Friday. The business has a fifty day simple moving average of $107.23 and a 200-day simple moving average of $109.47. The firm has a market cap of $60.60 billion, a PE ratio of 5.67, a P/E/G ratio of 1.66 and a beta of 1.30. 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 fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping 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 11.41% and a net margin of 10.12%. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. As a group, equities analysts predict that Emerson Electric will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.98%. Emerson Electric’s dividend payout ratio (DPR) is currently 11.24%.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Thrive Wealth Management LLC boosted its holdings in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares during the period. LCM Capital Management Inc boosted its holdings in Emerson Electric by 1.4% during the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 91 shares during the period. Sabal Trust CO grew its position in shares of Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 94 shares during the period. Finally, PFG Advisors boosted its stake in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds 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.