Emerson Electric Co. (NYSE:EMR) Receives $106.79 Average PT from Analysts

Posted by Defense World Staff on Oct 9th, 2023

Shares of Emerson Electric Co. (NYSE:EMR – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $106.79.

EMR has been the subject of a number of research reports. Barclays initiated coverage on shares of Emerson Electric in a research report on Monday, August 28th. They set an “equal weight” rating and a $105.00 target price for the company. StockNews.com assumed coverage on shares of Emerson Electric in a research report on Thursday. They set a “buy” rating for the company. KeyCorp assumed coverage on shares of Emerson Electric in a research note on Monday, October 2nd. They set an “overweight” rating and a $120.00 price target on the stock. Royal Bank of Canada upped their price target on shares of Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating and upped their price target for the company from $83.00 to $107.00 in a research note on Tuesday, August 22nd.

Get Our Latest Report on EMR

Insiders Place Their Bets

In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the sale, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

Institutional Trading of Emerson Electric

Large investors have recently bought and sold shares of the stock. RB Capital Management LLC lifted its stake in Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 155 shares during the period. Fairfield Bush & CO. acquired a new stake in Emerson Electric during the 1st quarter valued at approximately $116,000. Prudential PLC acquired a new stake in Emerson Electric during the 1st quarter valued at approximately $1,215,000. Sequoia Financial Advisors LLC lifted its stake in Emerson Electric by 17.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after acquiring an additional 1,418 shares during the period. Finally, Brighton Jones LLC lifted its stake in Emerson Electric by 31.8% during the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 931 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $95.04 on Friday. The firm has a market cap of $54.54 billion, a P/E ratio of 4.16, a PEG ratio of 1.85 and a beta of 1.37. Emerson Electric has a 1-year low of $76.08 and a 1-year high of $100.62. The company has a 50 day simple moving average of $96.80 and a two-hundred day simple moving average of $89.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07.

Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. Equities analysts forecast that Emerson Electric will post 4.45 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, August 10th. Emerson Electric’s dividend payout ratio is presently 9.09%.

Emerson Electric Company Profile

(Get Free Report

Emerson Electric Co, a technology and engineering 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.