Analysts Set Emerson Electric Co. (NYSE:EMR) PT at $113.00

Emerson Electric Co. (NYSE:EMRGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $113.00.

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Barclays increased their price objective on shares of Emerson Electric from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Berenberg Bank increased their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Mizuho increased their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th.

Get Our Latest Stock Analysis on EMR

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tobam grew 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 valued at $28,000 after buying an additional 273 shares during the last quarter. Security National Bank acquired a new position in Emerson Electric in the 4th quarter valued at $29,000. Cape Investment Advisory Inc. grew its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the last quarter. Burkett Financial Services LLC bought a new stake in Emerson Electric in the 4th quarter valued at $32,000. Finally, Resurgent Financial Advisors LLC bought a new stake in Emerson Electric in the 4th quarter valued at $32,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $113.42 on Friday. Emerson Electric has a fifty-two week low of $76.94 and a fifty-two week high of $113.89. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a market cap of $64.74 billion, a PE ratio of 5.91, a P/E/G ratio of 1.97 and a beta of 1.36. The firm has a 50-day simple moving average of $105.10 and a 200 day simple moving average of $97.21.

Emerson Electric (NYSE:EMRGet Free Report) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS 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 firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Emerson Electric Company Profile

(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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