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

Emerson Electric Co. (NYSE:EMR) has received an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $130.00.

A number of equities analysts recently weighed in on EMR shares. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. UBS Group started coverage on Emerson Electric in a research note on Wednesday. They issued a “neutral” rating and a $135.00 price target on the stock. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently added to or reduced their stakes in the stock. Newport Trust Company LLC bought a new stake in Emerson Electric in the second quarter worth $574,908,000. Legal & General Group Plc boosted its holdings in Emerson Electric by 5.2% in the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after acquiring an additional 224,784 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Emerson Electric by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company’s stock worth $359,535,000 after purchasing an additional 23,739 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Emerson Electric by 3.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock worth $297,653,000 after purchasing an additional 88,294 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $130.16 on Friday. The stock has a market cap of $74.54 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 2.16 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric has a 1-year low of $87.17 and a 1-year high of $131.56. The stock’s 50-day moving average is $109.40 and its 200 day moving average is $109.56.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. Emerson Electric’s payout ratio is currently 61.40%.

About Emerson Electric

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.