Shares of Emerson Electric Company (NYSE:EMR) have been given a consensus rating of “Hold” by the twenty research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $69.67.
EMR has been the subject of a number of analyst reports. Wells Fargo & Co restated a “market perform” rating and issued a $65.00 price target (up previously from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus restated a “buy” rating and issued a $72.00 price target (up previously from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Royal Bank of Canada restated a “neutral” rating on shares of Emerson Electric in a report on Thursday, November 9th. Robert W. Baird reiterated a “hold” rating and set a $70.00 target price on shares of Emerson Electric in a research note on Friday, November 10th. Finally, Cowen cut Emerson Electric from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th.
Emerson Electric (NYSE EMR) traded down $1.16 during midday trading on Friday, reaching $69.90. The company’s stock had a trading volume of 2,439,230 shares, compared to its average volume of 3,629,814. The stock has a market cap of $45,020.00, a PE ratio of 27.62, a PEG ratio of 2.23 and a beta of 1.19. Emerson Electric has a 52-week low of $56.77 and a 52-week high of $74.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 76.38%.
In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,108 shares of company stock worth $1,258,784. Corporate insiders own 0.79% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. G&S Capital LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $101,000. Tower Research Capital LLC TRC acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $109,000. Intellectus Partners LLC raised its position in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric during the 2nd quarter valued at approximately $129,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $129,000. 68.27% of the stock is currently owned by institutional investors and hedge funds.
About Emerson Electric
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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