Emerson Electric Co. (NYSE:EMR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Emerson Electric Co. (NYSE:EMR) 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.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the period. Wellington Management Group LLP raised its position in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after purchasing an additional 1,488,948 shares during the period. Wells Fargo & Company MN raised its position in Emerson Electric by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock worth $1,036,982,000 after purchasing an additional 62,105 shares during the period. Invesco Ltd. raised its position in Emerson Electric by 16.9% in the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares during the period. Finally, Norges Bank purchased a new position in shares of Emerson Electric in the fourth quarter valued at about $764,604,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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) 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.