Berenberg Bank set a $67.00 price objective on Emerson Electric (NYSE:EMR) in a research note published on Monday morning. The brokerage currently has a hold rating on the industrial products company’s stock.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Emerson Electric from a hold rating to a sell rating in a research note on Tuesday, November 13th. Robert W. Baird dropped their price objective on shares of Emerson Electric from $80.00 to $78.00 and set a neutral rating for the company in a research note on Monday, November 12th. William Blair reissued a market perform rating on shares of Emerson Electric in a research note on Tuesday, November 6th. UBS Group set a $85.00 price objective on shares of Emerson Electric and gave the stock a buy rating in a research note on Thursday, November 8th. Finally, Deutsche Bank set a $79.00 price objective on shares of Emerson Electric and gave the stock a buy rating in a research note on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of Buy and an average target price of $78.39.

Shares of EMR opened at $67.28 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.78. Emerson Electric has a 1-year low of $60.72 and a 1-year high of $79.70. The company has a market cap of $43.02 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same period last year, the business earned $0.83 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric will post 3.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a $0.49 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, November 15th. Emerson Electric’s payout ratio is presently 57.99%.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of Emerson Electric stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Emerson Electric by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock valued at $1,600,277,000 after purchasing an additional 417,445 shares during the last quarter. Capital World Investors boosted its holdings in shares of Emerson Electric by 7.0% in the 3rd quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock valued at $1,167,856,000 after purchasing an additional 1,000,000 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Emerson Electric by 0.9% in the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock valued at $659,617,000 after purchasing an additional 80,807 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Emerson Electric by 3,146,008.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Emerson Electric by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock valued at $317,688,000 after purchasing an additional 51,585 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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