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

Shares of Emerson Electric Co. (NYSE:EMR) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $131.67.

EMR has been the topic of a number of research analyst reports. Citigroup dropped their price target on Emerson Electric from $132.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada restated an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th.

Emerson Electric Stock Performance

EMR stock opened at $108.41 on Friday. The stock has a market capitalization of $61.13 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a 50 day moving average price of $107.63 and a 200 day moving average price of $118.45. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Institutional Trading of Emerson Electric

A number of hedge funds have recently made changes to their positions in the company. Saturna Capital Corp lifted its holdings in shares of Emerson Electric by 40.3% during the first quarter. Saturna Capital Corp now owns 12,801 shares of the industrial products company’s stock worth $1,404,000 after purchasing an additional 3,680 shares during the period. Retirement Planning Co of New England Inc. acquired a new stake in shares of Emerson Electric in the first quarter valued at about $388,000. Commerzbank Aktiengesellschaft FI increased its position in Emerson Electric by 25.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 20,131 shares of the industrial products company’s stock valued at $2,208,000 after purchasing an additional 4,069 shares during the period. Graypoint LLC lifted its position in shares of Emerson Electric by 79.5% in the 1st quarter. Graypoint LLC now owns 4,960 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 2,197 shares during the period. Finally, Dynasty Wealth Management LLC increased its stake in shares of Emerson Electric by 2.9% in the 1st quarter. Dynasty Wealth Management LLC now owns 9,231 shares of the industrial products company’s stock valued at $1,012,000 after acquiring an additional 257 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.