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

Emerson Electric Co. (NYSE:EMRGet Free Report) 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.

Check Out Our Latest Stock Analysis on Emerson Electric

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:EMRGet Free Report) 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

(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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