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

Emerson Electric Co. (NYSE:EMR) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $149.0625.

EMR has been the subject of a number of analyst reports. Barclays boosted their price target on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Evercore ISI began coverage on Emerson Electric in a research report on Monday. They set an “outperform” rating and a $170.00 price objective for the company. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares in the company, valued at approximately $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently modified their holdings of the company. Saudi Central Bank acquired a new stake in Emerson Electric during the 1st quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the second quarter worth approximately $29,000. Wealth Watch Advisors INC acquired a new stake in shares of Emerson Electric in the third quarter worth $33,000. Winnow Wealth LLC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at $34,000. Finally, PFS Partners LLC lifted its holdings in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR opened at $131.59 on Friday. The company has a 50-day moving average of $132.29 and a two-hundred day moving average of $133.37. The stock has a market cap of $73.99 billion, a P/E ratio of 32.57, a PEG ratio of 2.15 and a beta of 1.26. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The business had revenue of $3.16 billion during the quarter. As a group, research analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 54.95%.

Emerson Electric announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.