Emerson Electric Co. (NYSE:EMR) Stock Has Consensus Price Target of $171.96

Emerson Electric Co. (NYSE:EMR) has been given an average recommendation of “Moderate Buy” by the twenty-six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $175.38.

A number of equities analysts recently commented on the stock. Citigroup lifted their target price on shares of Emerson Electric from $182.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets upgraded shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. Sanford C. Bernstein raised their price objective on Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday. KeyCorp lifted their price objective on Emerson Electric from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Mizuho increased their target price on Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 15th.

Emerson Electric Trading Down 0.0%

Emerson Electric stock opened at $162.28 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.94. Emerson Electric has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The stock has a market cap of $90.89 billion, a P/E ratio of 33.95, a PEG ratio of 2.28 and a beta of 1.23. The firm’s fifty day moving average price is $157.91 and its 200-day moving average price is $147.61.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.01. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.11 billion. During the same period in the previous year, the business posted $1.62 earnings per share. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts forecast that Emerson Electric will post 7.34 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a $0.5950 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 13th. Emerson Electric’s dividend payout ratio (DPR) is 46.44%.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. Silver Oak Advisory Group Inc. purchased a new position in Emerson Electric in the third quarter valued at about $211,000. Cornerstone Advisory LLC lifted its position in shares of Emerson Electric by 1.5% during the 3rd quarter. Cornerstone Advisory LLC now owns 4,382 shares of the industrial products company’s stock valued at $680,000 after acquiring an additional 64 shares during the period. Diversified Trust Co boosted its stake in shares of Emerson Electric by 4.9% during the 3rd quarter. Diversified Trust Co now owns 35,847 shares of the industrial products company’s stock worth $5,560,000 after acquiring an additional 1,686 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of Emerson Electric by 47.8% during the 3rd quarter. Aberdeen Group plc now owns 911,129 shares of the industrial products company’s stock worth $141,316,000 after acquiring an additional 294,490 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of Emerson Electric by 0.3% in the 3rd quarter. Moors & Cabot Inc. now owns 99,011 shares of the industrial products company’s stock worth $15,357,000 after acquiring an additional 272 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

More Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

About Emerson Electric

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.