Emerson Electric (NYSE:EMR) Coverage Initiated at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Emerson Electric (NYSE:EMR) in a research note released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $135.00 target price on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Robert W. Baird decreased their target price on Emerson Electric from $120.00 to $116.00 and set a neutral rating for the company in a research note on Thursday, May 9th. Barclays raised their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the stock an equal weight rating in a report on Friday, May 10th. Loop Capital upped their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a buy rating in a report on Friday, May 10th. Citigroup raised their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a buy rating in a report on Monday, April 8th. Finally, Mizuho upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $123.44.

Emerson Electric Price Performance

Shares of EMR stock opened at $114.15 on Monday. The firm has a market cap of $65.31 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 1.88 and a beta of 1.32. The stock’s fifty day simple moving average is $110.27 and its 200 day simple moving average is $106.55. Emerson Electric has a one year low of $83.10 and a one year high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts expect that Emerson Electric will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EMR. Harbour Investments Inc. grew its position in shares of Emerson Electric by 19.0% in the 3rd quarter. Harbour Investments Inc. now owns 5,234 shares of the industrial products company’s stock valued at $505,000 after buying an additional 835 shares during the last quarter. Creative Planning boosted its holdings in Emerson Electric by 5.1% in the third quarter. Creative Planning now owns 172,159 shares of the industrial products company’s stock valued at $16,625,000 after acquiring an additional 8,378 shares during the last quarter. Diversified Trust Co increased its position in Emerson Electric by 6.1% during the 3rd quarter. Diversified Trust Co now owns 27,202 shares of the industrial products company’s stock valued at $2,627,000 after purchasing an additional 1,570 shares during the period. Comerica Bank bought a new position in Emerson Electric during the 3rd quarter worth approximately $55,460,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $5,106,000. 74.30% of the stock is currently 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.