Brokerages Set Emerson Electric Co. (NYSE:EMR) Price Target at $133.06

Emerson Electric Co. (NYSE:EMR) has received an average rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $133.53.

EMR has been the topic of several recent research reports. Citigroup raised their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. KeyCorp cut their target price on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays raised their target price on Emerson Electric from $104.00 to $112.00 and gave the company an “underweight” rating in a report on Friday.

Emerson Electric Stock Down 0.5%

Shares of Emerson Electric stock opened at $119.27 on Wednesday. The stock has a 50-day moving average price of $108.64 and a 200 day moving average price of $118.83. The company has a market cap of $67.09 billion, a P/E ratio of 28.47, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric’s dividend payout ratio is currently 50.48%.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at $25,000. Saudi Central Bank bought a new stake in Emerson Electric in the 1st quarter valued at $25,000. Vega Investment Solutions bought a new stake in Emerson Electric in the 4th quarter valued at $27,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric in the first quarter valued at about $27,000. 74.30% of the stock is currently owned by institutional investors.

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.