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

Emerson Electric Co. (NYSE:EMR) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $149.00.

EMR has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Jefferies Financial Group decreased their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Royal Bank Of Canada cut their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Daiwa Capital Markets upped their target price on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $126.70 on Wednesday. The business has a 50-day moving average of $131.94 and a two-hundred day moving average of $131.11. The firm has a market capitalization of $71.18 billion, a PE ratio of 27.25, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The business had revenue of $3.16 billion during the quarter. As a group, research analysts forecast that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric announced that its board has initiated a stock buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 54.95%.

Institutional Trading of Emerson Electric

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Saudi Central Bank purchased a new stake in Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric in the first quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the second quarter valued at $29,000. Wealth Watch Advisors INC bought a new position in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Winnow Wealth LLC acquired a new position in Emerson Electric during the 2nd quarter worth $34,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.