Shares of Emerson Electric Company (NYSE:EMR) have earned an average rating of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $69.67.
Several brokerages have weighed in on EMR. Barclays began coverage on Emerson Electric in a report on Thursday, February 15th. They issued an “overweight” rating and a $80.00 price target for the company. Royal Bank of Canada upgraded Emerson Electric from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $70.38 to $80.00 in a report on Tuesday, February 13th. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Thursday, February 8th. Finally, Robert W. Baird boosted their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th.
Shares of Emerson Electric (NYSE:EMR) traded up $0.08 on Friday, reaching $72.19. The company’s stock had a trading volume of 1,900,000 shares, compared to its average volume of 3,870,000. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market cap of $46,330.00, a P/E ratio of 28.42, a PEG ratio of 2.20 and a beta of 1.19. Emerson Electric has a 52 week low of $56.77 and a 52 week high of $74.45.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. Emerson Electric’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. research analysts anticipate that Emerson Electric will post 3.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a yield of 2.69%. Emerson Electric’s dividend payout ratio (DPR) is 76.38%.
In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at $2,891,001.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. G&S Capital LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $101,000. Tower Research Capital LLC TRC purchased a new position in Emerson Electric in the 2nd quarter valued at about $109,000. Intellectus Partners LLC boosted its position in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after buying an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Emerson Electric in the 2nd quarter valued at about $129,000. Finally, Cerebellum GP LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $129,000. 68.27% of the stock is owned by hedge funds and other institutional investors.
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About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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