Brokerages Set Emerson Electric Co. (NYSE:EMR) PT at $142.28

Emerson Electric Co. (NYSE:EMR - Get Free Report) has earned an average rating of "Moderate Buy" from the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $142.28.

A number of research analysts have commented on EMR shares. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Barclays raised their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research note on Wednesday, July 9th.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently modified their holdings of EMR. Vanguard Group Inc. increased its position in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after acquiring an additional 384,313 shares during the period. Wellington Management Group LLP increased its position in Emerson Electric by 6.9% during the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the period. Geode Capital Management LLC increased its position in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the period. JPMorgan Chase & Co. increased its position in Emerson Electric by 9.3% during the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after acquiring an additional 611,105 shares during the period. Finally, Norges Bank bought a new position in Emerson Electric during the fourth quarter worth $885,886,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.2%

Shares of EMR stock traded down $0.23 on Thursday, hitting $144.16. The stock had a trading volume of 1,912,170 shares, compared to its average volume of 3,072,400. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 2.72 and a beta of 1.29. The stock's 50 day moving average is $127.64 and its 200-day moving average is $119.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric has a 52-week low of $90.06 and a 52-week high of $145.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. As a group, research analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is 50.48%.

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.