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

Emerson Electric Co. (NYSE:EMR) has earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $135.94.

A number of analysts recently weighed in on EMR shares. Citigroup started coverage on Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Finally, Barclays reduced their price objective on Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th.

Emerson Electric Price Performance

EMR stock opened at $97.02 on Tuesday. The firm has a 50 day simple moving average of $117.75 and a two-hundred day simple moving average of $119.79. The stock has a market cap of $54.71 billion, a PE ratio of 23.15, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric has a one year low of $90.06 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 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, analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Institutional Investors Weigh In On Emerson Electric

Large investors have recently modified their holdings of the stock. First County Bank CT bought a new position in Emerson Electric in the first quarter worth about $2,007,000. Tompkins Financial Corp grew its holdings in shares of Emerson Electric by 0.6% during the 1st quarter. Tompkins Financial Corp now owns 21,812 shares of the industrial products company’s stock worth $2,391,000 after acquiring an additional 125 shares during the period. GAMMA Investing LLC raised its position in shares of Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company’s stock worth $123,503,000 after acquiring an additional 1,117,646 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Emerson Electric by 17.1% during the first quarter. AdvisorNet Financial Inc now owns 1,940 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 284 shares in the last quarter. Finally, Howard Financial Services LTD. grew its stake in Emerson Electric by 6.2% in the first quarter. Howard Financial Services LTD. now owns 2,347 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 136 shares during the period. 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.