The Emerson Electric’s (EMR) Buy Rating Reaffirmed at Stifel Nicolaus

The Emerson Electric’s (EMR) Buy Rating Reaffirmed at Stifel Nicolaus

A number of other research analysts have also commented on EMR. Goldman Sachs Group Inc upgraded Emerson Electric from a “sell” rating to a “neutral” rating and set a $60.00 target price for the company in a research note on Friday, January 27th. Royal Bank of Canada restated a “hold” rating and issued a $55.00 target price on shares of Emerson Electric in a research note on Wednesday, February 8th. Barclays PLC upped their target price on Emerson Electric from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Wells Fargo & Co restated a “market perform” rating on shares of Emerson Electric in a research note on Wednesday, February 8th. Finally, Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, February 14th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Hold” and an average target price of $55.34.

Emerson Electric Co. (NYSE:EMR)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a note issued to investors on Monday, May 15th. They currently have a $67.00 price target on the industrial products company’s stock, up from their previous price target of $65.00. Stifel Nicolaus’ price objective would indicate a potential upside of 12.91% from the stock’s current price.

Emerson Electric (EMR) opened at 59.34 on Monday. The firm has a 50-day moving average of $59.13 and a 200-day moving average of $58.70. Emerson Electric has a 12-month low of $48.45 and a 12-month high of $64.36. The firm has a market cap of $38.24 billion, a P/E ratio of 25.35 and a beta of 1.17.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. Emerson Electric had a return on equity of 19.19% and a net margin of 10.74%. Emerson Electric’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, analysts expect that Emerson Electric will post $2.60 EPS for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 12th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, May 10th. Emerson Electric’s dividend payout ratio is 77.73%.

A number of institutional investors have recently bought and sold shares of EMR. Seaward Management Limited Partnership boosted its position in Emerson Electric by 3.4% in the first quarter. Seaward Management Limited Partnership now owns 281,105 shares of the industrial products company’s stock valued at $16,826,000 after buying an additional 9,367 shares in the last quarter. Sowell Financial Services LLC boosted its position in Emerson Electric by 1.6% in the first quarter. Sowell Financial Services LLC now owns 5,395 shares of the industrial products company’s stock valued at $322,000 after buying an additional 83 shares in the last quarter. UBS Oconnor LLC purchased a new position in Emerson Electric during the first quarter valued at about $27,117,000. Piedmont Investment Advisors LLC boosted its position in Emerson Electric by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 137,995 shares of the industrial products company’s stock valued at $8,260,000 after buying an additional 1,179 shares in the last quarter. Finally, S. R. Schill & Associates boosted its position in Emerson Electric by 4.9% in the first quarter. S. R. Schill & Associates now owns 18,557 shares of the industrial products company’s stock valued at $1,111,000 after buying an additional 861 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EMR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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