Redburn Atlantic Begins Coverage on Emerson Electric (NYSE:EMR)

Redburn Atlantic started coverage on shares of Emerson Electric (NYSE:EMR) in a research report report published on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $135.00 target price on the industrial products company’s stock.

Other analysts have also recently issued research reports about the stock. Robert W. Baird dropped their target price on shares of Emerson Electric from $120.00 to $116.00 and set a neutral rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an overweight rating in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a hold rating to a buy rating and boosted their target price for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays boosted their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an equal weight rating in a report on Friday, May 10th. Finally, StockNews.com lowered Emerson Electric from a buy rating to a hold rating in a research report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of Moderate Buy and an average price target of $123.44.

Emerson Electric Stock Performance

NYSE:EMR opened at $111.50 on Monday. The stock has a market cap of $63.79 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. The firm’s fifty day simple moving average is $110.11 and its 200 day simple moving average is $106.49. Emerson Electric has a twelve month low of $83.10 and a twelve month high of $116.76. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, research analysts predict that Emerson Electric will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Institutional Investors Weigh In On Emerson Electric

A number of large investors have recently made changes to their positions in the company. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric during the 1st quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $31,000. Tobam boosted its stake in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Security National Bank bought a new position in Emerson Electric in the 4th quarter worth approximately $29,000. Finally, Tributary Capital Management LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $35,000. 74.30% of the stock is currently owned by institutional investors.

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.