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

Emerson Electric Co. (NYSE:EMR) has received a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $134.58.

Several equities research analysts have issued reports on the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday.

Emerson Electric Stock Performance

Shares of EMR opened at $122.18 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $125.63 and a 200-day moving average price of $114.25. The company has a market cap of $69.59 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. Emerson Electric has a 12-month low of $91.64 and a 12-month high of $134.85.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by insiders.

Institutional Trading of Emerson Electric

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $33,000. 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.