Emerson Electric Co. (NYSE:EMR) has been assigned a consensus rating of “Hold” from the twenty-three analysts that are covering the firm. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $52.33.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG cut their price objective on shares of Emerson Electric from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, August 8th. Stifel Nicolaus cut their price objective on shares of Emerson Electric from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Barclays PLC cut their price objective on shares of Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Emerson Electric in a research note on Monday, July 18th.
Shares of Emerson Electric (NYSE:EMR) opened at 51.92 on Monday. Emerson Electric has a 1-year low of $41.25 and a 1-year high of $56.82. The company has a market capitalization of $33.41 billion, a price-to-earnings ratio of 18.39 and a beta of 1.23. The stock’s 50 day moving average price is $53.00 and its 200 day moving average price is $53.35.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The business earned $5.10 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Analysts expect that Emerson Electric will post $2.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.475 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.66%. Emerson Electric’s dividend payout ratio is currently 67.38%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth $196,849,000. Thompson Rubinstein Investment Management Inc. OR increased its stake in shares of Emerson Electric by 44.6% in the first quarter. Thompson Rubinstein Investment Management Inc. OR now owns 75,704 shares of the company’s stock worth $4,117,000 after buying an additional 23,334 shares during the last quarter. Iowa State Bank increased its stake in shares of Emerson Electric by 4.5% in the first quarter. Iowa State Bank now owns 58,508 shares of the company’s stock worth $3,182,000 after buying an additional 2,525 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in shares of Emerson Electric during the first quarter worth about $1,155,000. Finally, Abner Herrman & Brock LLC bought a new stake in shares of Emerson Electric during the first quarter worth about $8,265,000. Institutional investors and hedge funds own 69.40% of the company’s stock.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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