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

Emerson Electric Co. (NYSE:EMR) has earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $116.25.

EMR has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. KeyCorp raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. UBS Group boosted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Bank of America raised their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.

Insider Activity at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in Emerson Electric by 5.7% in the 3rd quarter. CWM LLC now owns 13,406 shares of the industrial products company’s stock worth $1,295,000 after purchasing an additional 725 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $206,000. Global Retirement Partners LLC lifted its position in Emerson Electric by 3.6% during the 3rd quarter. Global Retirement Partners LLC now owns 6,256 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 220 shares during the period. Douglas Lane & Associates LLC grew its stake in Emerson Electric by 3.9% during the 3rd quarter. Douglas Lane & Associates LLC now owns 7,944 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 295 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Emerson Electric by 3.0% in the third quarter. Flagship Harbor Advisors LLC now owns 8,492 shares of the industrial products company’s stock valued at $820,000 after purchasing an additional 245 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.0 %

NYSE EMR opened at $108.63 on Tuesday. Emerson Electric has a 52 week low of $76.94 and a 52 week high of $115.26. The firm has a market capitalization of $62.01 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $110.06 and a two-hundred day moving average of $98.94.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 EPS. On average, analysts predict that Emerson Electric will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

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.