Emerson Electric Co. (NYSE:EMR – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $120.56.
Several equities research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Robert W. Baird decreased their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. 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. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, May 17th.
Read Our Latest Stock Analysis on EMR
Hedge Funds Weigh In On Emerson Electric
Emerson Electric Trading Up 0.8 %
EMR opened at $113.41 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The firm has a market capitalization of $64.88 billion, a PE ratio of 6.07, a P/E/G ratio of 1.92 and a beta of 1.36. Emerson Electric has a fifty-two week low of $76.94 and a fifty-two week high of $116.76. The company’s 50-day moving average is $111.82 and its 200 day moving average is $101.99.
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. As a group, research analysts predict that Emerson Electric will post 5.47 earnings per share for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s payout ratio is presently 11.24%.
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.
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