Deutsche Bank AG reiterated their hold rating on shares of Emerson Electric Co. (NYSE:EMR) in a research note released on Thursday morning.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

Other equities analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. reaffirmed a hold rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Bank of America Corp. reaffirmed a sell rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Robert W. Baird reaffirmed a neutral rating and set a $58.00 price objective on shares of Emerson Electric in a research note on Monday, June 27th. Sanford C. Bernstein reaffirmed a market perform rating on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Credit Suisse Group AG reaffirmed a buy rating on shares of Emerson Electric in a research note on Sunday, July 10th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. Emerson Electric has a consensus rating of Hold and a consensus target price of $52.82.

Emerson Electric (NYSE:EMR) opened at 51.22 on Thursday. The stock’s 50 day moving average is $53.07 and its 200 day moving average is $53.36. Emerson Electric has a 1-year low of $41.25 and a 1-year high of $56.82. The company has a market cap of $32.96 billion, a P/E ratio of 18.14 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.04. The business earned $5.10 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. Equities analysts anticipate that Emerson Electric will post $2.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Wednesday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 67.38%.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Emerson Electric by 3.3% in the second quarter. Vanguard Group Inc. now owns 39,936,101 shares of the company’s stock valued at $2,083,068,000 after buying an additional 1,270,315 shares during the period. BlackRock Fund Advisors boosted its position in shares of Emerson Electric by 3.8% in the second quarter. BlackRock Fund Advisors now owns 11,764,504 shares of the company’s stock valued at $613,637,000 after buying an additional 435,266 shares during the period. Capital Research Global Investors boosted its position in shares of Emerson Electric by 4.0% in the second quarter. Capital Research Global Investors now owns 10,759,443 shares of the company’s stock valued at $561,213,000 after buying an additional 412,593 shares during the period. Capital World Investors boosted its position in shares of Emerson Electric by 58.3% in the second quarter. Capital World Investors now owns 9,500,000 shares of the company’s stock valued at $495,520,000 after buying an additional 3,500,000 shares during the period. Finally, FMR LLC boosted its position in shares of Emerson Electric by 2.6% in the second quarter. FMR LLC now owns 8,896,013 shares of the company’s stock valued at $464,016,000 after buying an additional 227,233 shares during the period. Hedge funds and other institutional investors own 69.40% of the company’s stock.

About Emerson Electric

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

5 Day Chart for NYSE:EMR

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