Brokerages Set Emerson Electric Co. (NYSE:EMR) Price Target at $148.28

Shares of Emerson Electric Co. (NYSE:EMR) have earned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $148.2778.

EMR has been the topic of a number of research analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Stephens boosted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd.

Institutional Trading of Emerson Electric

Institutional investors and hedge funds have recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the second quarter worth $29,000. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth $27,000. Winnow Wealth LLC acquired a new stake in shares of Emerson Electric in the second quarter worth $34,000. Finally, PFS Partners LLC lifted its stake in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after buying an additional 108 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $136.32 on Friday. The company’s 50 day moving average price is $132.00 and its 200 day moving average price is $128.00. Emerson Electric has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a market capitalization of $76.72 billion, a PE ratio of 29.32, a PEG ratio of 2.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Research analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s payout ratio is 45.38%.

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.