Emerson Electric Co. (NYSE:EMR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Emerson Electric Co. has received an average recommendation of "Moderate Buy" from nineteen research firms, with a 12-month target price averaging $142.39.
• The company reported earnings of $1.52 per share, slightly surpassing estimates, and achieved a 3.9% year-over-year revenue growth.
• Emerson Electric will pay a quarterly dividend of $0.5275 on September 10th, yielding an annualized 1.6% based on a payout ratio of 45.38%.

Shares of Emerson Electric Co. (NYSE:EMR - Get Free Report) have received an average recommendation of "Moderate Buy" from the nineteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $142.3889.

EMR has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Citigroup boosted their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Robert W. Baird dropped their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Emerson Electric in the 4th quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $27,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $28,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock traded up $1.74 on Monday, reaching $134.69. The company's stock had a trading volume of 1,624,050 shares, compared to its average volume of 3,170,866. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market capitalization of $75.80 billion, a P/E ratio of 28.94, a PEG ratio of 2.57 and a beta of 1.32. The stock's 50 day simple moving average is $135.86 and its 200-day simple moving average is $121.68.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The firm had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. During the same period last year, the firm earned $1.43 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is 45.38%.

About Emerson Electric

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.