Emerson Electric Co. (NYSE:EMR) Receives $106.72 Average PT from Analysts

Shares of Emerson Electric Co. (NYSE:EMRGet Free Report) have earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $109.06.

Several analysts have issued reports on EMR shares. Citigroup cut their price objective on Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Barclays increased their price target on Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho boosted their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th.

Check Out Our Latest Stock Report on Emerson Electric

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of Emerson Electric stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the transaction, the chief executive officer now owns 148,542 shares in the company, valued at $13,101,404.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EMR. Financial Advocates Investment Management grew its holdings in Emerson Electric by 1.0% during the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock worth $994,000 after acquiring an additional 101 shares during the period. PFG Advisors raised its position in shares of Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares during the period. Aveo Capital Partners LLC grew its holdings in Emerson Electric by 3.4% during the second quarter. Aveo Capital Partners LLC now owns 3,295 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 109 shares during the period. Capstone Triton Financial Group LLC increased its stake in Emerson Electric by 1.0% in the third quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock valued at $1,134,000 after purchasing an additional 113 shares in the last quarter. Finally, Accel Wealth Management boosted its position in shares of Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Up 0.8 %

EMR opened at $103.20 on Thursday. The company has a quick ratio of 2.35, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $94.78 and its 200-day moving average is $94.14. The firm has a market capitalization of $59.00 billion, a P/E ratio of 5.37, a P/E/G ratio of 1.87 and a beta of 1.34. Emerson Electric has a 52-week low of $76.94 and a 52-week high of $105.71.

Emerson Electric (NYSE:EMRGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’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 business earned $0.78 EPS. Analysts expect that Emerson Electric will post 5.36 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s payout ratio is 10.94%.

About Emerson Electric

(Get Free Report

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.

Further Reading

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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