Emerson Electric Co. (NYSE:EMR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Emerson Electric Co. (NYSE:EMR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nineteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages 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. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Sunday, December 8th. KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, November 6th.

Emerson Electric Trading Down 0.5 %

Shares of NYSE EMR traded down $0.68 during mid-day trading on Friday, hitting $125.71. The stock had a trading volume of 1,653,503 shares, compared to its average volume of 2,771,873. The firm has a market cap of $71.60 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The business has a 50 day moving average price of $124.47 and a two-hundred day moving average price of $113.89. 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.5275 dividend. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. 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. Emerson Electric's dividend payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric during the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter valued at about $33,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. 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.