Emerson Electric Co. (NYSE:EMR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Emerson Electric Co. (NYSE:EMR) have earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $134.58.

A number of research firms have issued reports on EMR. Royal Bank of Canada decreased their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price target on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th.

Emerson Electric Stock Performance

NYSE EMR opened at $125.71 on Friday. The firm’s 50 day simple moving average is $124.47 and its 200 day simple moving average is $113.85. The firm has a market capitalization of $71.60 billion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 2.20 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric has a 1 year low of $91.64 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Newport Trust Company LLC bought a new stake in Emerson Electric during the second quarter worth $574,908,000. Pathway Financial Advisers LLC boosted its holdings in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. State Street Corp lifted its position in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.