Citigroup Analysts Give Emerson Electric (EMR) a $61.00 Price Target
Several other analysts also recently weighed in on EMR. Royal Bank Of Canada restated a sector perform rating and issued a $62.00 price objective (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Berenberg Bank reiterated a sell rating and issued a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. BidaskClub downgraded shares of Emerson Electric from a sell rating to a strong sell rating in a report on Friday, August 18th. Morgan Stanley reiterated an equal weight rating and issued a $67.00 target price (up from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a buy rating on shares of Emerson Electric in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Emerson Electric currently has an average rating of Hold and an average target price of $65.14.
Shares of Emerson Electric (NYSE EMR) opened at $64.69 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $41,602.76, a PE ratio of 25.12, a P/E/G ratio of 3.06 and a beta of 1.24. Emerson Electric has a fifty-two week low of $55.40 and a fifty-two week high of $67.79.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. research analysts anticipate that Emerson Electric will post 2.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $0.485 dividend. The ex-dividend date is Thursday, November 16th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 3.00%. Emerson Electric’s payout ratio is currently 82.55%.
A number of institutional investors have recently made changes to their positions in EMR. Tower Research Capital LLC TRC purchased a new stake in shares of Emerson Electric during the second quarter worth about $109,000. Intellectus Partners LLC grew its stake in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Emerson Electric during the first quarter worth about $127,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Emerson Electric during the second quarter worth about $129,000. Finally, AT Bancorp purchased a new stake in shares of Emerson Electric during the second quarter worth about $139,000. Institutional investors and hedge funds own 69.19% of the company’s stock.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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