Emerson Electric Co. (NYSE:EMR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Emerson Electric Co. has received an average recommendation of "Moderate Buy" from eighteen research firms, with a 12-month price target of approximately $143.76.
• Institutional investors own 74.30% of Emerson Electric's stock, with several new stakes acquired in the first quarter of this year.
• The company recently reported earnings of $1.52 EPS, surpassing analyst expectations, and posted a quarterly dividend of $0.5275 per share with a yield of 1.6%.

Emerson Electric Co. (NYSE:EMR - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $143.7647.

Several analysts recently commented on the stock. Daiwa Capital Markets lifted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd.

Institutional Investors Weigh In On Emerson Electric

Large investors have recently added to or reduced their stakes in the stock. Saudi Central Bank acquired a new position in Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric in the first quarter valued at about $28,000. Fourth Dimension Wealth LLC lifted its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the second quarter worth about $29,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

EMR opened at $129.22 on Tuesday. 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 business has a 50 day moving average of $135.29 and a 200-day moving average of $124.16. The stock has a market cap of $72.73 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.44 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share 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 business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 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.

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