Analysts Set Emerson Electric Co. (NYSE:EMR) Target Price at $116.25

Shares of Emerson Electric Co. (NYSE:EMR) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and thirteen have assigned 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 $116.25.

Several research firms have recently issued reports on EMR. Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Bank of America upped their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors have recently made changes to their positions in EMR. Lake Street Private Wealth LLC boosted its holdings in Emerson Electric by 2.3% in the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 99 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Emerson Electric by 1.7% in the 1st quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock valued at $695,000 after purchasing an additional 100 shares during the last quarter. Financial Advocates Investment Management raised its stake in Emerson Electric by 1.0% during the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after buying an additional 101 shares during the last quarter. Chemung Canal Trust Co. lifted its holdings in Emerson Electric by 0.3% in the first quarter. Chemung Canal Trust Co. now owns 39,629 shares of the industrial products company’s stock valued at $4,495,000 after buying an additional 103 shares during the period. Finally, Stonehearth Capital Management LLC boosted its position in Emerson Electric by 3.3% during the first quarter. Stonehearth Capital Management LLC now owns 3,320 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.0 %

Shares of Emerson Electric stock opened at $109.57 on Tuesday. Emerson Electric has a 52-week low of $76.94 and a 52-week high of $115.26. The stock has a market cap of $62.54 billion, a PE ratio of 5.71, a PEG ratio of 1.90 and a beta of 1.37. The firm has a 50-day moving average of $110.31 and a 200-day moving average of $99.19. 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:EMR) last announced 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. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, sell-side analysts forecast that Emerson Electric will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

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.