Recent Investment Analysts’ Ratings Changes for Emerson Electric (EMR)

A number of firms have modified their ratings and price targets on shares of Emerson Electric (NYSE: EMR) recently:

  • 2/8/2024 – Emerson Electric had its price target raised by analysts at KeyCorp from $120.00 to $125.00. They now have an “overweight” rating on the stock.
  • 2/8/2024 – Emerson Electric had its price target raised by analysts at Royal Bank of Canada from $106.00 to $120.00. They now have an “outperform” rating on the stock.
  • 2/8/2024 – Emerson Electric had its price target raised by analysts at Barclays PLC from $91.00 to $95.00. They now have an “equal weight” rating on the stock.
  • 2/8/2024 – Emerson Electric had its price target raised by analysts at Mizuho from $118.00 to $130.00. They now have a “buy” rating on the stock.
  • 1/4/2024 – Emerson Electric was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $118.00 price target on the stock, up previously from $95.00.
  • 12/19/2023 – Emerson Electric had its price target raised by analysts at Wells Fargo & Company from $100.00 to $120.00. They now have an “overweight” rating on the stock.

Emerson Electric Trading Up 1.1 %

Shares of EMR stock opened at $104.32 on Tuesday. The company’s 50-day moving average price is $95.09 and its 200-day moving average price is $94.24. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market cap of $59.64 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 1.80 and a beta of 1.34. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $105.71.

Emerson Electric (NYSE:EMRGet Free Report) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities analysts predict that Emerson Electric Co. will post 5.38 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 16th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 2.01%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of Emerson Electric stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $88.20 per share, with a total value of $882,000.00. Following the completion of the transaction, the chief executive officer now directly owns 148,542 shares in the company, valued at $13,101,404.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Emerson Electric by 1.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 46,395 shares of the industrial products company’s stock worth $4,516,000 after acquiring an additional 643 shares during the period. Bank of Nova Scotia grew its position in Emerson Electric by 87.4% during the fourth quarter. Bank of Nova Scotia now owns 160,075 shares of the industrial products company’s stock worth $15,579,000 after buying an additional 74,670 shares during the period. Scotia Capital Inc. grew its position in Emerson Electric by 2.9% during the fourth quarter. Scotia Capital Inc. now owns 235,319 shares of the industrial products company’s stock worth $22,903,000 after buying an additional 6,560 shares during the period. Burkett Financial Services LLC acquired a new position in Emerson Electric during the fourth quarter worth about $32,000. Finally, Dorsey & Whitney Trust CO LLC grew its position in Emerson Electric by 7.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 17,736 shares of the industrial products company’s stock worth $1,726,000 after buying an additional 1,260 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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