Emerson Electric Co. (NYSE:EMR) Receives $122.76 Consensus Target Price from Brokerages

Emerson Electric Co. (NYSE:EMR) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $123.44.

A number of research firms have weighed in on EMR. 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 research note on Friday, May 10th. 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 research note on Wednesday, June 26th. UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Mizuho boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, May 17th.

Hedge Funds Weigh In On Emerson Electric

Institutional investors have recently made changes to their positions in the stock. Blackston Financial Advisory Group LLC bought a new position in shares of Emerson Electric in the 4th quarter worth $241,000. American National Bank & Trust Co. VA purchased a new stake in shares of Emerson Electric in the 1st quarter valued at $1,011,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Emerson Electric by 23.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after purchasing an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Emerson Electric by 821.0% in the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $3,358,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.4 %

Emerson Electric stock opened at $114.15 on Friday. Emerson Electric has a fifty-two week low of $83.10 and a fifty-two week high of $116.76. The stock has a market cap of $65.31 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. The firm’s 50-day simple moving average is $110.27 and its 200 day simple moving average is $106.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

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, topping 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 period in the previous year, the company earned $1.09 earnings per share. Research analysts predict that Emerson Electric will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

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.