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

Shares of Emerson Electric Co. (NYSE:EMR) have received an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $147.6667.

EMR has been the topic of a number of recent analyst reports. Wolfe Research boosted their target price on Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Royal Bank Of Canada cut their target price on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Jefferies Financial Group restated a “hold” rating and set a $145.00 price objective on shares of Emerson Electric in a report on Wednesday.

Emerson Electric Stock Down 2.1%

Emerson Electric stock opened at $136.60 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The company’s 50-day moving average is $132.21 and its 200-day moving average is $133.08. The firm has a market capitalization of $76.81 billion, a PE ratio of 33.81, a P/E/G ratio of 2.23 and a beta of 1.26. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. Sell-side analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $0.555 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric declared that its Board of Directors has approved a share repurchase plan on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Emerson Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Saudi Central Bank acquired a new position in shares of Emerson Electric in the first quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $29,000. Wealth Watch Advisors INC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $33,000. Winnow Wealth LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $34,000. Finally, PFS Partners LLC raised its stake in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.