Emerson Electric Co. (NYSE:EMR) Receives $131.11 Average Price Target from Brokerages

Shares of Emerson Electric Co. (NYSE:EMR - Get Free Report) have received an average rating of "Moderate Buy" from the eighteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $131.11.

Several research analysts have commented on EMR shares. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an "underweight" rating and a $105.00 target price for the company. Barclays increased their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective for the company. Finally, UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price target on the stock.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.44 during midday trading on Wednesday, hitting $133.84. The company's stock had a trading volume of 1,298,384 shares, compared to its average volume of 2,742,448. The stock has a fifty day moving average price of $117.99 and a 200 day moving average price of $111.67. The firm has a market capitalization of $76.23 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 2.25 and a beta of 1.34. Emerson Electric has a one year low of $87.59 and a one year high of $134.85. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. Emerson Electric's dividend payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently modified their holdings of EMR. State Street Corp boosted its holdings in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after buying an additional 162,985 shares during the last quarter. Newport Trust Company LLC purchased a new stake in Emerson Electric during the second quarter valued at approximately $574,908,000. Finally, Legal & General Group Plc boosted its stake in shares of Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company's stock worth $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

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.