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

Emerson Electric Co. (NYSE:EMR) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $124.29.

Several analysts recently issued reports on EMR shares. Barclays decreased 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 report on Thursday, August 8th. Wells Fargo & Company lowered their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Oppenheimer cut their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Robert W. Baird upped their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Security National Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $29,000. Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the first quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. lifted its position in Emerson Electric by 148.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after buying an additional 188 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

EMR opened at $106.34 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric has a 1 year low of $83.10 and a 1 year high of $119.53. The stock has a fifty day moving average price of $106.55 and a 200 day moving average price of $109.38. The stock has a market cap of $60.84 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Emerson Electric will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

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.