Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Emerson Electric (NYSE:EMR) had its price target lifted by Robert W. Baird from $117.00 to $118.00 in a research report sent to investors on Monday, MarketBeat reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on EMR. Barclays cut their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Redburn Atlantic began coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Stock Performance

NYSE:EMR opened at $126.86 on Monday. The firm has a 50 day simple moving average of $107.50 and a 200-day simple moving average of $109.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a market cap of $72.65 billion, a PE ratio of 42.57, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric has a 1-year low of $83.10 and a 1-year high of $127.74.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 earnings per share. On average, equities analysts expect that Emerson Electric will post 5.48 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s payout ratio is currently 70.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EMR. Norden Group LLC purchased a new position in shares of Emerson Electric in the first quarter valued at $231,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Emerson Electric by 89.7% in the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,939 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 2,335 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of Emerson Electric in the first quarter valued at $398,000. Catalina Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter valued at $419,000. Finally, Signaturefd LLC boosted its stake in shares of Emerson Electric by 6.9% in the first quarter. Signaturefd LLC now owns 12,121 shares of the industrial products company’s stock valued at $1,375,000 after purchasing an additional 780 shares during the period. 74.30% of the stock is currently 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.