Emerson Electric Co. (NYSE:EMR) Receives $136.28 Consensus Target Price from Analysts

Emerson Electric Co. (NYSE:EMR) has received an average rating of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $136.28.

Several research analysts have weighed in on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock.

Hedge Funds Weigh In On Emerson Electric

Hedge funds have recently modified their holdings of the business. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $28,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.7 %

Shares of EMR opened at $112.11 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $63.22 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50-day moving average price of $122.37 and a 200 day moving average price of $118.96. Emerson Electric has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.88%. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.