Emerson Electric Co. (NYSE:EMR) Receives $124.59 Average Price Target from Analysts

Emerson Electric Co. (NYSE:EMR) has earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $125.47.

A number of analysts recently weighed in on EMR shares. Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada lowered their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company cut their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. raised its position 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 worth $33,000 after acquiring an additional 235 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at about $35,000. Rise Advisors LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $36,000. Finally, Versant Capital Management Inc increased its stake in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $110.47 on Tuesday. The firm has a fifty day moving average price of $105.52 and a 200 day moving average price of $109.23. The stock has a market cap of $63.20 billion, a PE ratio of 5.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. Emerson Electric has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Emerson Electric will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. Emerson Electric’s payout ratio is 11.24%.

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.