Shares of Emerson Electric Co. (NYSE:EMR) have received an average rating of “Hold” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $64.07.
Several analysts have recently commented on the stock. Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, April 22nd. Wolfe Research cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and set a $71.00 price objective for the company. in a research note on Thursday, March 12th. Vertical Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Monday, March 23rd. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a research note on Tuesday, May 19th. Finally, Cowen reiterated a “hold” rating and issued a $63.00 price objective on shares of Emerson Electric in a research note on Wednesday, April 29th.
In other news, VP Bell Katherine Button sold 687 shares of Emerson Electric stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $62.27, for a total transaction of $42,779.49. Following the completion of the sale, the vice president now directly owns 29,741 shares in the company, valued at $1,851,972.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven J. Pelch sold 5,061 shares of Emerson Electric stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $67.51, for a total transaction of $341,668.11. Company insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $526,722,000. Wellington Management Group LLP grew its holdings in Emerson Electric by 408.7% in the first quarter. Wellington Management Group LLP now owns 6,530,697 shares of the industrial products company’s stock valued at $311,186,000 after purchasing an additional 5,246,997 shares during the period. Captrust Financial Advisors grew its holdings in Emerson Electric by 5,838.7% in the fourth quarter. Captrust Financial Advisors now owns 2,914,021 shares of the industrial products company’s stock valued at $225,778,000 after purchasing an additional 2,864,953 shares during the period. APG Asset Management N.V. grew its holdings in Emerson Electric by 145.0% in the first quarter. APG Asset Management N.V. now owns 3,526,642 shares of the industrial products company’s stock valued at $215,050,000 after purchasing an additional 2,086,941 shares during the period. Finally, Fiduciary Management Inc. WI purchased a new stake in Emerson Electric in the first quarter valued at approximately $91,299,000. Institutional investors and hedge funds own 71.57% of the company’s stock.
Shares of EMR stock traded up $0.65 during mid-day trading on Tuesday, hitting $62.03. The stock had a trading volume of 2,566,769 shares, compared to its average volume of 4,321,115. Emerson Electric has a fifty-two week low of $37.75 and a fifty-two week high of $78.38. The firm has a market cap of $35.77 billion, a PE ratio of 17.72, a PEG ratio of 3.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.75. The company’s 50-day simple moving average is $60.10 and its 200-day simple moving average is $63.16.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, April 21st. The industrial products company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.12. Emerson Electric had a net margin of 12.04% and a return on equity of 26.66%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the business earned $0.84 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Emerson Electric will post 3.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.00 annualized dividend and a yield of 3.22%. Emerson Electric’s dividend payout ratio (DPR) is currently 54.20%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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