Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, Citigroup Analyst Says

Emerson Electric (NYSE:EMR) had its price objective hoisted by Citigroup from $119.00 to $127.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts also recently issued reports about the stock. Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $130.88.

Emerson Electric Stock Up 0.2 %

Shares of NYSE EMR opened at $112.55 on Thursday. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $63.31 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.49 and a beta of 1.26. The business has a 50-day moving average of $106.79 and a 200-day moving average of $118.51.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 earnings per share. Sell-side analysts expect that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.87%. Emerson Electric’s dividend payout ratio is presently 50.48%.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This trade represents a 9.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Emerson Electric

Institutional investors have recently made changes to their positions in the company. Ontario Teachers Pension Plan Board lifted its stake in shares of Emerson Electric by 122.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 27,181 shares of the industrial products company’s stock worth $2,980,000 after buying an additional 14,965 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Emerson Electric by 1.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 9,624 shares of the industrial products company’s stock valued at $1,057,000 after acquiring an additional 123 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new position in Emerson Electric in the 1st quarter worth approximately $8,332,000. Corbyn Investment Management Inc. MD boosted its holdings in shares of Emerson Electric by 0.5% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 26,892 shares of the industrial products company’s stock worth $2,948,000 after purchasing an additional 143 shares during the last quarter. Finally, Strategy Asset Managers LLC grew its position in shares of Emerson Electric by 1.9% in the first quarter. Strategy Asset Managers LLC now owns 90,014 shares of the industrial products company’s stock valued at $9,869,000 after purchasing an additional 1,643 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.