Emerson Electric Co. (NYSE:EMR) Receives $142.39 Consensus PT from Brokerages

Key Points

• Emerson Electric Co. has received an average analyst rating of "Moderate Buy", with eleven buy recommendations and two strong buy ratings among the nineteen analysts covering the stock.
• The company's earnings report showed a quarterly earnings per share of $1.52, beating analyst estimates, with revenues slightly down to $4.55 billion compared to expectations.
• Emerson Electric declared a quarterly dividend of $0.5275 per share, with an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Shares of Emerson Electric Co. (NYSE:EMR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nineteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $142.3889.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of the company. Reynders McVeigh Capital Management LLC increased its stake in Emerson Electric by 14.3% during the second quarter. Reynders McVeigh Capital Management LLC now owns 7,647 shares of the industrial products company's stock valued at $1,020,000 after purchasing an additional 954 shares during the last quarter. V. M. Manning & CO. Inc. bought a new stake in Emerson Electric during the second quarter valued at $241,000. Osaic Holdings Inc. increased its stake in Emerson Electric by 14.4% during the second quarter. Osaic Holdings Inc. now owns 219,598 shares of the industrial products company's stock valued at $29,140,000 after purchasing an additional 27,570 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in Emerson Electric by 8.4% during the second quarter. Orion Porfolio Solutions LLC now owns 51,441 shares of the industrial products company's stock valued at $6,859,000 after purchasing an additional 3,982 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Emerson Electric by 3.1% during the second quarter. Thrivent Financial for Lutherans now owns 36,671 shares of the industrial products company's stock valued at $4,889,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Trading Down 0.7%

Shares of EMR stock traded down $0.99 during trading hours on Friday, hitting $131.74. 804,400 shares of the company were exchanged, compared to its average volume of 3,125,169. The firm has a market cap of $74.14 billion, a PE ratio of 28.33, a PEG ratio of 2.58 and a beta of 1.30. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $137.57 and a 200 day moving average of $122.45.

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 for the quarter, topping the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

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