Emerson Electric Co. (NYSE:EMR) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Emerson Electric Co. (NYSE:EMR) have received a consensus rating of “Moderate Buy” from the twenty-six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $175.38.

Several research analysts have recently issued reports on EMR shares. HSBC boosted their price objective on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. KeyCorp increased their price objective on shares of Emerson Electric from $170.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $188.00 to $196.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. Citigroup raised their target price on Emerson Electric from $182.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, Wall Street Zen lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently bought and sold shares of EMR. William Mack & Associates Inc. bought a new stake in shares of Emerson Electric in the 3rd quarter valued at $25,000. Allied Private Wealth LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at approximately $27,000. Financial Management Professionals Inc. raised its holdings in shares of Emerson Electric by 100.0% in the third quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. Next Level Wealth Planning LLC bought a new stake in Emerson Electric during the 3rd quarter worth about $27,000. Finally, Orion Capital Management LLC bought a new stake in Emerson Electric during the second quarter worth about $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $167.68 on Wednesday. Emerson Electric has a 52 week low of $122.64 and a 52 week high of $172.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.94. The company has a market capitalization of $93.91 billion, a PE ratio of 25.80, a PEG ratio of 2.38 and a beta of 1.23. The company’s 50 day moving average price is $158.50 and its 200 day moving average price is $147.80.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.01. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. Research analysts expect that Emerson Electric will post 7.35 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be issued a $0.5950 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 13th. Emerson Electric’s dividend payout ratio (DPR) is 46.44%.

Emerson Electric Company Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.