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

Emerson Electric Co. (NYSE:EMR) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $104.82.

EMR has been the subject of a number of analyst reports. Barclays initiated coverage on Emerson Electric in a research report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 price target for the company. Royal Bank of Canada upped their price target on Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Stephens restated an “overweight” rating and issued a $120.00 price target on shares of Emerson Electric in a research report on Monday, August 7th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and upped their price target for the company from $83.00 to $107.00 in a research report on Tuesday, August 22nd. Finally, Argus upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Monday, August 28th.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at $1,161,598.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Emerson Electric news, VP Lisa Flavin sold 48,718 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total value of $4,367,568.70. Following the sale, the vice president now directly owns 51,748 shares in the company, valued at $4,639,208.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total value of $244,650.00. Following the transaction, the chief marketing officer now directly owns 11,870 shares in the company, valued at approximately $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Hedge funds have recently made changes to their positions in the company. Aspire Private Capital LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $11,415,340,000. Mach 1 Financial Group LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $13,510,000. Graham Capital Wealth Management LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $243,121,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Emerson Electric during the second quarter worth about $28,000. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $98.95 on Monday. The business has a 50 day simple moving average of $94.41 and a two-hundred day simple moving average of $87.63. Emerson Electric has a 12 month low of $72.40 and a 12 month high of $99.65. The stock has a market capitalization of $56.79 billion, a P/E ratio of 4.33, a PEG ratio of 2.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. As a group, analysts predict that Emerson Electric will post 4.44 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 11th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, August 10th. Emerson Electric’s dividend payout ratio is presently 9.09%.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.