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

Shares of Emerson Electric Co. (NYSE:EMRGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $109.06.

A number of equities analysts have recently commented on EMR shares. UBS Group cut their target price on shares of Emerson Electric from $104.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays upped their price objective on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th.

View Our Latest Analysis on Emerson Electric

Emerson Electric Stock Performance

NYSE:EMR opened at $104.32 on Thursday. Emerson Electric has a fifty-two week low of $76.94 and a fifty-two week high of $105.71. The stock has a market capitalization of $59.64 billion, a PE ratio of 5.43, a P/E/G ratio of 1.80 and a beta of 1.34. The company has a fifty day moving average of $95.09 and a two-hundred day moving average of $94.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12.

Emerson Electric (NYSE:EMRGet Free Report) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Emerson Electric’s revenue was up 22.1% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric will post 5.38 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s dividend payout ratio is presently 10.94%.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $88.20 per share, with a total value of $882,000.00. Following the completion of the purchase, the chief executive officer now directly owns 148,542 shares of the company’s stock, valued at approximately $13,101,404.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently modified their holdings of EMR. Moneta Group Investment Advisors LLC boosted its position in shares of Emerson Electric by 105,280.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after purchasing an additional 54,365,954 shares during the period. Norges Bank purchased a new stake in Emerson Electric in the 4th quarter worth about $764,604,000. Morgan Stanley lifted its stake in Emerson Electric by 28.4% in the 4th quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after acquiring an additional 2,621,089 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after acquiring an additional 2,015,232 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares in the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

About Emerson Electric

(Get Free Report

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.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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