Emerson Electric Co. (NYSE:EMR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Emerson Electric Co. (NYSE:EMR) have received an average rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $134.58.

EMR has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital upped their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Barclays raised their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Trading of Emerson Electric

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Emerson Electric by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 8,795 shares of the industrial products company’s stock valued at $1,090,000 after purchasing an additional 1,090 shares during the period. Versant Capital Management Inc increased its position in Emerson Electric by 100.9% in the 4th quarter. Versant Capital Management Inc now owns 4,461 shares of the industrial products company’s stock valued at $553,000 after buying an additional 2,240 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Emerson Electric by 2.9% in the third quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock worth $88,915,000 after acquiring an additional 23,205 shares in the last quarter. Syntax Research Inc. grew its stake in Emerson Electric by 1,318.7% in the third quarter. Syntax Research Inc. now owns 3,561 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 3,310 shares during the period. Finally, Logan Capital Management Inc. increased its holdings in shares of Emerson Electric by 0.6% during the third quarter. Logan Capital Management Inc. now owns 45,770 shares of the industrial products company’s stock valued at $5,006,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 1.0 %

NYSE EMR opened at $123.44 on Friday. Emerson Electric has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The business has a fifty day moving average price of $125.93 and a two-hundred day moving average price of $114.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market capitalization of $70.30 billion, a PE ratio of 36.09, a PEG ratio of 2.20 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

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.