Emerson Electric Co. (NYSE:EMR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Emerson Electric Co. (NYSE:EMR) has been given an average rating of “Moderate Buy” by the eighteen 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 and twelve have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $130.00.

Several equities analysts recently commented on the company. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 target price for the company. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday. They set a “neutral” rating and a $135.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Barclays lifted their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors have recently made changes to their positions in EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the third quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric in the first quarter valued at about $31,000. Meeder Asset Management Inc. grew its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter valued at about $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Emerson Electric stock opened at $126.78 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market capitalization of $72.29 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Emerson Electric has a one year low of $87.17 and a one year high of $131.56. The business has a 50 day simple moving average of $110.57 and a 200 day simple moving average of $109.84.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. Emerson Electric’s payout ratio is 61.70%.

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.