Analysts Set Emerson Electric Co. (NYSE:EMR) Target Price at $116.25

Shares of Emerson Electric Co. (NYSE:EMR) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $116.25.

Several brokerages have recently commented on EMR. Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Citigroup upped their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho lifted their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Bank of America upped their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently modified their holdings of the business. Waverly Advisors LLC raised its holdings in Emerson Electric by 100.2% during the 3rd quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $241,000. FMR LLC boosted its stake in Emerson Electric by 1.3% in the 3rd quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $320,000. Finally, Capital Advisors Inc. OK increased its position in shares of Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.1 %

Shares of NYSE:EMR opened at $109.76 on Tuesday. The business’s 50-day moving average is $110.46 and its 200-day moving average is $99.42. Emerson Electric has a 1 year low of $76.94 and a 1 year high of $115.26. The company has a market capitalization of $62.65 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Equities research analysts predict that Emerson Electric will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

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.