Emerson Electric Co. (NYSE:EMR) Receives $75.65 Consensus Target Price from Brokerages

Emerson Electric Co. (NYSE:EMR) has earned an average rating of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $75.31.

EMR has been the topic of a number of research reports. Citigroup downgraded Apergy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $41.00 to $34.00 in a research report on Tuesday, July 9th. Credit Suisse Group restated an “outperform” rating on shares of in a research report on Wednesday, June 5th. Finally, Zacks Investment Research downgraded Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st.

NYSE EMR traded up $1.53 during trading hours on Tuesday, reaching $65.69. 2,392,285 shares of the stock traded hands, compared to its average volume of 2,876,305. The firm has a 50 day moving average price of $63.93. Emerson Electric has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07. The firm has a market cap of $40.37 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric will post 3.65 earnings per share for the current fiscal year.

In other news, VP Bell Katherine Button sold 15,791 shares of Emerson Electric stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $63.91, for a total value of $1,009,202.81. Following the transaction, the vice president now owns 30,304 shares in the company, valued at $1,936,728.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the completion of the transaction, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,333 shares of company stock worth $2,583,230. Company insiders own 0.07% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMR. Glassman Wealth Services grew its stake in shares of Emerson Electric by 240.7% in the first quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 284 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Emerson Electric in the first quarter worth about $34,000. Legacy Advisors LLC bought a new stake in shares of Emerson Electric in the first quarter worth about $41,000. Buffington Mohr McNeal bought a new stake in shares of Emerson Electric in the first quarter worth about $41,000. Finally, Rational Advisors LLC bought a new stake in shares of Emerson Electric in the first quarter worth about $41,000. Hedge funds and other institutional investors own 70.45% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: What is a CD ladder?

Analyst Recommendations for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.