Emerson Electric Co. (NYSE:EMR) Receives Average Recommendation of “Moderate Buy” from Analysts

Emerson Electric Co. (NYSE:EMR) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $142.28.

Several research firms have issued reports on EMR. KeyCorp lifted their target price on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Bank of America lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Robert W. Baird dropped their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

Emerson Electric Stock Up 0.4%

Shares of EMR opened at $140.26 on Thursday. The company has a market cap of $78.90 billion, a PE ratio of 33.55, a P/E/G ratio of 2.71 and a beta of 1.29. The business has a fifty day moving average of $127.00 and a 200 day moving average of $119.28. Emerson Electric has a 52-week low of $90.06 and a 52-week high of $142.32. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer owned 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dominguez Wealth Management Solutions Inc. lifted its stake in Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after purchasing an additional 84 shares during the last quarter. Opal Wealth Advisors LLC lifted its stake in Emerson Electric by 14.1% in the 2nd quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 85 shares during the last quarter. Hohimer Wealth Management LLC lifted its stake in Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company’s stock valued at $3,066,000 after purchasing an additional 95 shares during the last quarter. Clearstead Trust LLC lifted its position in Emerson Electric by 7.4% during the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 97 shares during the last quarter. Finally, Unison Advisors LLC lifted its position in Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company’s stock worth $2,629,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.