Emerson Electric Co. (NYSE:EMR - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $94.93 and last traded at $95.53, with a volume of 427786 shares. The stock had previously closed at $101.89.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Finally, Barclays lowered their target price on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating on the stock in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $132.72.
Check Out Our Latest Analysis on EMR
Emerson Electric Price Performance
The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock's 50-day moving average is $116.31 and its two-hundred day moving average is $119.52. The stock has a market cap of $57.42 billion, a PE ratio of 24.21, a PEG ratio of 2.49 and a beta of 1.28.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is currently 50.36%.
Institutional Investors Weigh In On Emerson Electric
A number of hedge funds have recently added to or reduced their stakes in the business. Howard Capital Management Group LLC raised its position in Emerson Electric by 10.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Centiva Capital LP lifted its stake in Emerson Electric by 15.1% in the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company's stock worth $421,000 after acquiring an additional 506 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $123,000. Orion Portfolio Solutions LLC raised its holdings in shares of Emerson Electric by 6.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,587 shares of the industrial products company's stock valued at $3,017,000 after purchasing an additional 1,630 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Emerson Electric by 35.9% during the third quarter. MML Investors Services LLC now owns 136,681 shares of the industrial products company's stock worth $14,949,000 after purchasing an additional 36,076 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
About Emerson Electric
(
Get Free Report)
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.
Featured Articles
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
