Barclays Raises Emerson Electric (EMR) Price Target to $85.00

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Emerson Electric (NYSE:EMR) had its target price lifted by Barclays from $80.00 to $85.00 in a report issued on Thursday morning. The brokerage currently has an overweight rating on the industrial products company’s stock.

Several other research analysts have also recently commented on EMR. ValuEngine raised Emerson Electric from a hold rating to a buy rating in a research report on Monday, July 2nd. Stifel Nicolaus increased their price target on Emerson Electric from $79.00 to $80.00 and gave the company a buy rating in a research report on Thursday, May 3rd. Zacks Investment Research cut Emerson Electric from a buy rating to a hold rating in a research report on Friday, August 3rd. Berenberg Bank raised Emerson Electric from a sell rating to a hold rating and set a $69.00 price target for the company in a research report on Tuesday, April 24th. They noted that the move was a valuation call. Finally, Citigroup reduced their price target on Emerson Electric from $68.00 to $67.00 and set a sell rating for the company in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Emerson Electric presently has an average rating of Hold and an average target price of $74.94.

NYSE EMR traded down $0.19 during trading hours on Thursday, hitting $73.86. 3,101,064 shares of the company traded hands, compared to its average volume of 2,748,434. Emerson Electric has a twelve month low of $57.47 and a twelve month high of $75.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.23. The stock has a market capitalization of $46.54 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.13.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. research analysts forecast that Emerson Electric will post 3.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 17th will be given a $0.485 dividend. The ex-dividend date is Thursday, August 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.63%. Emerson Electric’s payout ratio is 73.48%.

In other news, insider Michael H. Train sold 24,166 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $71.46, for a total value of $1,726,902.36. Following the completion of the sale, the insider now directly owns 121,626 shares of the company’s stock, valued at $8,691,393.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clarus Wealth Advisors bought a new position in shares of Emerson Electric during the second quarter worth approximately $100,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Emerson Electric during the first quarter worth approximately $102,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Emerson Electric during the second quarter worth approximately $102,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Emerson Electric during the second quarter worth approximately $105,000. Finally, Kaizen Advisory LLC increased its stake in shares of Emerson Electric by 151.1% during the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 926 shares during the period. Institutional investors own 69.80% of the company’s stock.

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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