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

Shares of Emerson Electric Co. (NYSE:EMR) have been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $131.11.

A number of equities research analysts have recently issued reports on EMR shares. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company raised their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. KeyCorp upped their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley started coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th.

Emerson Electric Stock Performance

EMR opened at $133.38 on Wednesday. Emerson Electric has a twelve month low of $87.59 and a twelve month high of $134.17. The firm has a market capitalization of $75.96 billion, a PE ratio of 39.00, a PEG ratio of 2.25 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $117.99 and its 200 day moving average price is $111.67.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Newport Trust Company LLC acquired a new position in shares of Emerson Electric during the second quarter worth $574,908,000. Pathway Financial Advisers LLC lifted its holdings in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. State Street Corp raised its position in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB lifted its stake in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Hedge funds and other 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.