Emerson Electric (EMR) Earns “Buy” Rating from Cowen

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Cowen reissued their buy rating on shares of Emerson Electric (NYSE:EMR) in a research report report published on Tuesday morning. The firm currently has a $81.00 target price on the industrial products company’s stock.

Other analysts also recently issued reports about the company. Barclays upped their target price on Emerson Electric from $80.00 to $85.00 and gave the company an overweight rating in a research report on Thursday, August 9th. Zacks Investment Research upgraded Emerson Electric from a hold rating to a buy rating and set a $80.00 target price for the company in a research report on Monday, August 6th. UBS Group upped their target price on Emerson Electric from $85.00 to $90.00 and gave the company a buy rating in a research report on Thursday, August 30th. Deutsche Bank set a $81.00 target price on Emerson Electric and gave the company a buy rating in a research report on Thursday, July 12th. Finally, MED upgraded Emerson Electric from a hold rating to a buy rating and set a $81.00 target price for the company in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $78.30.

Shares of NYSE:EMR traded down $1.27 during trading on Tuesday, reaching $68.49. 4,236,030 shares of the company traded hands, compared to its average volume of 3,930,861. The company has a market cap of $43.91 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.07. Emerson Electric has a 52 week low of $57.47 and a 52 week high of $79.70.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Research analysts predict that Emerson Electric will post 3.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a dividend of $0.49 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.49. This represents a $1.96 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 15th. Emerson Electric’s dividend payout ratio is currently 57.40%.

In related news, VP Steven J. Pelch sold 6,409 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,409 shares of company stock valued at $7,317,004. 0.79% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EMR. IFM Investors Pty Ltd increased its holdings in Emerson Electric by 44.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 28,821 shares of the industrial products company’s stock worth $1,993,000 after purchasing an additional 8,837 shares in the last quarter. Farmers Trust Co. acquired a new position in Emerson Electric in the 2nd quarter worth about $226,000. Fisher Asset Management LLC increased its holdings in Emerson Electric by 24.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,716 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 1,105 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV acquired a new position in Emerson Electric in the 2nd quarter worth about $1,881,000. Finally, Capital Investment Advisors LLC increased its holdings in Emerson Electric by 33.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 5,554 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 1,391 shares in the last quarter. 70.33% of the stock is owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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