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

Shares of Emerson Electric Co. (NYSE:EMR) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $116.25.

A number of research analysts have commented on EMR shares. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Bank of America raised their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank raised their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Barclays boosted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd.

Emerson Electric Stock Up 0.3 %

EMR stock opened at $109.89 on Tuesday. The company has a market capitalization of $62.73 billion, a P/E ratio of 5.72, a PEG ratio of 1.90 and a beta of 1.37. The firm has a 50 day simple moving average of $110.38 and a 200-day simple moving average of $99.30. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric has a twelve month low of $76.94 and a twelve month high of $115.26.

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

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s payout ratio is currently 10.94%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Harrington Investments INC lifted its holdings in Emerson Electric by 5.6% in the 1st quarter. Harrington Investments INC now owns 20,287 shares of the industrial products company’s stock valued at $2,301,000 after acquiring an additional 1,073 shares during the last quarter. UMB Bank n.a. lifted its stake in Emerson Electric by 41.4% during the first quarter. UMB Bank n.a. now owns 137,029 shares of the industrial products company’s stock valued at $15,542,000 after purchasing an additional 40,141 shares during the last quarter. MBA Advisors LLC bought a new stake in Emerson Electric during the first quarter worth approximately $257,000. SlateStone Wealth LLC grew its position in Emerson Electric by 192.3% in the first quarter. SlateStone Wealth LLC now owns 11,208 shares of the industrial products company’s stock worth $1,271,000 after buying an additional 7,373 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its position in shares of Emerson Electric by 2.3% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 18,555 shares of the industrial products company’s stock valued at $2,105,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

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.