Emerson Electric Co. (NYSE:EMR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Emerson Electric Co. (NYSE:EMR) have earned a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $131.67.

Several research firms recently commented on EMR. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays decreased their price target on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research note on Thursday, April 10th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, May 1st.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $109.80 on Friday. The firm has a 50 day simple moving average of $106.91 and a 200 day simple moving average of $118.41. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric has a one year low of $90.06 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the company posted $1.36 EPS. Emerson Electric’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Institutional Trading of Emerson Electric

Several large investors have recently made changes to their positions in EMR. N.E.W. Advisory Services LLC bought a new position in Emerson Electric in the first quarter worth approximately $62,000. Meeder Advisory Services Inc. grew its holdings in shares of Emerson Electric by 2.4% during the first quarter. Meeder Advisory Services Inc. now owns 15,515 shares of the industrial products company’s stock valued at $1,701,000 after buying an additional 370 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the first quarter worth about $27,000. Foundations Investment Advisors LLC raised its holdings in shares of Emerson Electric by 1,000.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 61,483 shares of the industrial products company’s stock worth $6,741,000 after acquiring an additional 55,895 shares during the last quarter. Finally, Maridea Wealth Management LLC bought a new position in Emerson Electric in the 1st quarter valued at about $233,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.