Emerson Electric (NYSE:EMR) Reaches New 12-Month High at $113.89

Shares of Emerson Electric Co. (NYSE:EMR) reached a new 52-week high during trading on Thursday . The stock traded as high as $113.89 and last traded at $113.74, with a volume of 72822 shares changing hands. The stock had previously closed at $113.45.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada lifted their price objective on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank raised their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays upped their price objective on Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Emerson Electric Stock Performance

The stock’s 50 day simple moving average is $103.91 and its two-hundred day simple moving average is $96.90. The company has a market cap of $64.84 billion, a PE ratio of 5.91, a P/E/G ratio of 1.95 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. As a group, research analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds and other institutional investors have recently bought and sold shares of EMR. Financial Advocates Investment Management raised its holdings in Emerson Electric by 1.0% in the fourth quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 101 shares in the last quarter. PFG Advisors grew its stake in Emerson Electric by 4.5% in the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 108 shares in the last quarter. Wimmer Associates 1 LLC raised its stake in Emerson Electric by 2.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 5,479 shares of the industrial products company’s stock valued at $533,000 after buying an additional 108 shares in the last quarter. Capstone Triton Financial Group LLC grew its position in shares of Emerson Electric by 1.0% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 11,747 shares of the industrial products company’s stock worth $1,134,000 after acquiring an additional 113 shares in the last quarter. Finally, Accel Wealth Management raised its position in shares of Emerson Electric by 3.6% during the 4th quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 114 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other 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.