Robert W. Baird Issues Positive Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its price objective lifted by Robert W. Baird from $117.00 to $118.00 in a research report released on Monday morning. The firm currently has a neutral rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Redburn Atlantic started coverage on Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 price target for the company. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Finally, Barclays reduced their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $125.53.

Emerson Electric Price Performance

Emerson Electric stock opened at $109.81 on Monday. The firm’s 50-day moving average is $106.76 and its two-hundred day moving average is $108.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The stock has a market capitalization of $62.89 billion, a P/E ratio of 36.85, a P/E/G ratio of 1.66 and a beta of 1.30. Emerson Electric has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. Equities analysts predict that Emerson Electric will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 70.47%.

Institutional Investors Weigh In On Emerson Electric

Institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. raised its stake in Emerson Electric by 2.3% during the third quarter. Harbour Investments Inc. now owns 7,353 shares of the industrial products company’s stock valued at $804,000 after buying an additional 163 shares in the last quarter. Opinicus Capital Inc. increased its holdings in shares of Emerson Electric by 44.0% in the 3rd quarter. Opinicus Capital Inc. now owns 3,756 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 1,147 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Emerson Electric by 21.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 33,533 shares of the industrial products company’s stock valued at $3,668,000 after acquiring an additional 6,031 shares in the last quarter. Laffer Tengler Investments Inc. boosted its holdings in Emerson Electric by 7.4% in the third quarter. Laffer Tengler Investments Inc. now owns 66,678 shares of the industrial products company’s stock worth $7,293,000 after purchasing an additional 4,618 shares during the period. Finally, Jag Capital Management LLC increased its stake in Emerson Electric by 9.0% during the third quarter. Jag Capital Management LLC now owns 3,709 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 307 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

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.