Emerson Electric (NYSE:EMR) Hits New 12-Month High After Analyst Upgrade

Emerson Electric Co. (NYSE:EMR - Get Free Report)'s share price reached a new 52-week high on Thursday after Stephens raised their price target on the stock from $130.00 to $145.00. Stephens currently has an equal weight rating on the stock. Emerson Electric traded as high as $143.90 and last traded at $142.76, with a volume of 714300 shares. The stock had previously closed at $140.30.

A number of other equities analysts have also commented on the stock. Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays boosted their price target on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Bank of America boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $142.28.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Clark Capital Management Group Inc. increased its stake in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares in the last quarter. World Investment Advisors increased its stake in Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after purchasing an additional 6,079 shares in the last quarter. Geode Capital Management LLC increased its stake in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares in the last quarter. StoneX Group Inc. increased its stake in Emerson Electric by 23.5% during the 4th quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock valued at $4,081,000 after purchasing an additional 6,264 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

The firm has a market capitalization of $81.09 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The business's 50 day simple moving average is $127.64 and its two-hundred day simple moving average is $119.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.46%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

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.