Emerson Electric Co. (NYSE:EMR) Receives $120.56 Average Price Target from Brokerages

Emerson Electric Co. (NYSE:EMR) has earned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and fifteen have given a 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 $120.56.

Several research firms recently weighed in on EMR. Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Loop Capital lifted their price target on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. KeyCorp lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays raised their price objective on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, Citigroup raised their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th.

Emerson Electric Trading Up 0.8 %

NYSE EMR opened at $113.41 on Friday. The stock has a 50-day simple moving average of $111.82 and a 200 day simple moving average of $101.99. The company has a market capitalization of $64.88 billion, a PE ratio of 6.07, a P/E/G ratio of 1.92 and a beta of 1.36. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $116.76.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $1.09 earnings per share. Emerson Electric’s quarterly revenue was up 16.5% on a year-over-year basis. Research analysts forecast that Emerson Electric will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $0.525 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in shares of Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after buying an additional 1,008,294 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after buying an additional 62,105 shares during the last quarter. Invesco Ltd. grew its stake in shares of Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after buying an additional 1,184,202 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Emerson Electric during the fourth quarter valued at about $764,604,000. 74.30% of the stock is owned by institutional investors.

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.