Emerson Electric Co. (EMR) Given Average Rating of “Buy” by Brokerages

Emerson Electric Co. (NYSE:EMR) has been assigned an average rating of “Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $77.88.

EMR has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Barclays boosted their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $79.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Argus boosted their target price on shares of Emerson Electric from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Monday, August 20th. They set an “overweight” rating and a $85.00 target price for the company.

Shares of Emerson Electric stock traded up $0.81 during trading hours on Monday, reaching $66.62. 3,065,700 shares of the company were exchanged, compared to its average volume of 3,203,546. Emerson Electric has a 1 year low of $61.62 and a 1 year high of $79.70. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $41.21 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.01 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Sell-side analysts predict that Emerson Electric will post 3.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio is currently 57.99%.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the transaction, the president now owns 176,477 shares in the company, valued at $13,384,015.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the completion of the transaction, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First PREMIER Bank boosted its stake in shares of Emerson Electric by 1.9% during the third quarter. First PREMIER Bank now owns 36,665 shares of the industrial products company’s stock worth $2,807,000 after buying an additional 684 shares during the period. Windward Capital Management Co. CA raised its holdings in Emerson Electric by 2.3% during the third quarter. Windward Capital Management Co. CA now owns 31,021 shares of the industrial products company’s stock worth $2,376,000 after purchasing an additional 688 shares in the last quarter. Truvestments Capital LLC raised its holdings in Emerson Electric by 6.4% during the third quarter. Truvestments Capital LLC now owns 12,013 shares of the industrial products company’s stock worth $920,000 after purchasing an additional 726 shares in the last quarter. Pennsylvania Trust Co raised its holdings in Emerson Electric by 0.9% during the third quarter. Pennsylvania Trust Co now owns 81,167 shares of the industrial products company’s stock worth $6,216,000 after purchasing an additional 732 shares in the last quarter. Finally, M Holdings Securities Inc. raised its holdings in Emerson Electric by 14.2% during the third quarter. M Holdings Securities Inc. now owns 5,961 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 740 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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