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

Emerson Electric Co. (NYSE:EMR) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $134.58.

A number of research firms have recently weighed in on EMR. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Oppenheimer boosted their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $123.44 on Friday. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The firm’s 50-day simple moving average is $125.93 and its 200 day simple moving average is $114.36.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds and other institutional investors have recently modified their holdings of EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter worth $29,000. Meeder Asset Management Inc. boosted its stake in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $33,000. 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.