Analysts Set Emerson Electric Co. (NYSE:EMR) Price Target at $142.39

Emerson Electric Co. (NYSE:EMR) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $142.3889.

A number of equities analysts have recently commented on EMR shares. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st.

Institutional Investors Weigh In On Emerson Electric

Institutional investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new stake in Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the second quarter worth about $29,000. Saudi Central Bank acquired a new stake in Emerson Electric during the first quarter worth about $25,000. Finally, Ameriflex Group Inc. acquired a new stake in Emerson Electric during the fourth quarter worth about $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

NYSE EMR opened at $137.66 on Friday. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock’s 50-day moving average is $137.43 and its two-hundred day moving average is $122.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market cap of $77.48 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.60 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

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.