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

Shares of Emerson Electric Co. (NYSE:EMRGet Rating) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $105.82.

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their target price on Emerson Electric from $101.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Emerson Electric from $114.00 to $110.00 in a research note on Thursday, May 5th. Barclays decreased their price target on shares of Emerson Electric from $92.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 24th. Citigroup decreased their price target on shares of Emerson Electric from $119.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, May 17th. Finally, StockNews.com began coverage on shares of Emerson Electric in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

In related news, insider Mark J. Bulanda sold 4,574 shares of Emerson Electric stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total value of $445,278.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of EMR. TownSquare Capital LLC lifted its position in shares of Emerson Electric by 24.1% during the 3rd quarter. TownSquare Capital LLC now owns 17,628 shares of the industrial products company’s stock worth $1,661,000 after purchasing an additional 3,419 shares during the last quarter. Huntington National Bank lifted its position in shares of Emerson Electric by 0.7% during the 4th quarter. Huntington National Bank now owns 338,167 shares of the industrial products company’s stock worth $31,440,000 after purchasing an additional 2,319 shares during the last quarter. Gibson Wealth Advisors LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth $37,000. California State Teachers Retirement System lifted its position in Emerson Electric by 3.7% in the fourth quarter. California State Teachers Retirement System now owns 1,082,820 shares of the industrial products company’s stock valued at $100,670,000 after acquiring an additional 38,949 shares during the last quarter. Finally, Lincoln National Corp lifted its position in Emerson Electric by 3.4% in the fourth quarter. Lincoln National Corp now owns 9,225 shares of the industrial products company’s stock valued at $858,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 73.50% of the company’s stock.

NYSE:EMR opened at $78.65 on Friday. Emerson Electric has a 52 week low of $78.54 and a 52 week high of $105.99. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $46.72 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.42. The stock’s 50-day moving average price is $88.49 and its 200-day moving average price is $92.13.

Emerson Electric (NYSE:EMRGet Rating) last posted its earnings results on Wednesday, May 4th. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts expect that Emerson Electric will post 5.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were issued a $0.515 dividend. The ex-dividend date was Thursday, May 12th. This represents a $2.06 annualized dividend and a yield of 2.62%. Emerson Electric’s dividend payout ratio (DPR) is presently 43.10%.

Emerson Electric Company Profile (Get Rating)

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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