Emerson Electric (NYSE:EMR) Sets New 1-Year High - What's Next?

Emerson Electric Co. (NYSE:EMR - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $147.02 and last traded at $146.47, with a volume of 509289 shares trading hands. The stock had previously closed at $144.34.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.28.

Emerson Electric Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock's 50 day simple moving average is $130.24 and its two-hundred day simple moving average is $120.18. The stock has a market cap of $83.20 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.85 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.43%. Emerson Electric's dividend payout ratio is presently 50.48%.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Emerson Electric

Institutional investors and hedge funds have recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at about $25,000. Saudi Central Bank bought a new position in shares of Emerson Electric in the first quarter valued at about $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric in the first quarter valued at about $27,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 74.30% of the company's stock.

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.