Emerson Electric Co. (NYSE:EMR) Given Average Recommendation of “Moderate Buy” by Brokerages

Emerson Electric Co. (NYSE:EMR) has earned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $123.44.

Several brokerages recently commented on EMR. Citigroup increased their target price 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. Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday. They set a “buy” rating and a $135.00 target price for the company. Wells Fargo & Company increased their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st.

Emerson Electric Stock Up 2.4 %

Shares of EMR stock opened at $114.15 on Friday. The firm has a fifty day moving average of $110.27 and a 200-day moving average of $106.55. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric has a 12-month low of $83.10 and a 12-month high of $116.76. The company has a market capitalization 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.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data 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 company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tobam increased its holdings in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric during the first quarter worth approximately $29,000. Security National Bank bought a new position in shares of Emerson Electric during the fourth quarter worth approximately $29,000. Cape Investment Advisory Inc. boosted its position in shares of Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $31,000. 74.30% of the stock is owned by institutional investors.

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.