Emerson Electric (NYSE:EMR) Sets New 12-Month Low – Should You Sell?

Emerson Electric Co. (NYSE:EMR)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $94.93 and last traded at $95.53, with a volume of 427786 shares changing hands. The stock had previously closed at $101.89.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Finally, KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Stock Down 7.3 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock’s fifty day simple moving average is $118.39 and its 200-day simple moving average is $119.74. The stock has a market cap of $53.27 billion, a P/E ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.23%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Private Trust Co. lifted its holdings in Emerson Electric by 11.9% in the first quarter. Legacy Private Trust Co. now owns 21,138 shares of the industrial products company’s stock worth $2,318,000 after purchasing an additional 2,245 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Emerson Electric by 38.0% in the first quarter. Versant Capital Management Inc now owns 6,155 shares of the industrial products company’s stock valued at $675,000 after acquiring an additional 1,694 shares in the last quarter. Boston Common Asset Management LLC raised its holdings in Emerson Electric by 14.7% during the first quarter. Boston Common Asset Management LLC now owns 156,046 shares of the industrial products company’s stock worth $17,109,000 after purchasing an additional 20,011 shares in the last quarter. Kera Capital Partners Inc. boosted its stake in Emerson Electric by 14.0% during the 1st quarter. Kera Capital Partners Inc. now owns 1,895 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 233 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Emerson Electric in the 4th quarter worth $62,000. Institutional investors own 74.30% of the company’s stock.

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.