Morgan Stanley Reiterates $77.00 Price Target for Emerson Electric (EMR)

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Morgan Stanley set a $77.00 target price on Emerson Electric (NYSE:EMR) in a report issued on Friday morning. The brokerage currently has a buy rating on the industrial products company’s stock.

Other analysts have also issued reports about the company. Cowen reiterated a buy rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday, November 6th. UBS Group set a $85.00 price objective on Emerson Electric and gave the company a buy rating in a research note on Thursday, November 8th. Deutsche Bank set a $79.00 price objective on Emerson Electric and gave the company a buy rating in a research note on Wednesday, November 7th. Gordon Haskett initiated coverage on Emerson Electric in a research note on Friday, October 12th. They set a buy rating on the stock. Finally, Stephens reiterated a buy rating and set a $68.00 price objective on shares of Emerson Electric in a research note on Sunday, January 6th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $76.28.

Shares of NYSE EMR opened at $66.74 on Friday. Emerson Electric has a one year low of $55.38 and a one year high of $79.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88. The firm has a market cap of $41.02 billion, a PE ratio of 19.75, a PEG ratio of 2.10 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric will post 3.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 15th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.96 dividend on an annualized basis and a yield of 2.94%. Emerson Electric’s dividend payout ratio is currently 57.99%.

In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total value of $616,760.00. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $1,360,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Moody National Bank Trust Division bought a new position in shares of Emerson Electric during the 4th quarter valued at about $27,000. Csenge Advisory Group bought a new position in shares of Emerson Electric during the 3rd quarter valued at about $28,000. Massey Quick Simon & CO. LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at about $30,000. Norway Savings Bank increased its position in shares of Emerson Electric by 60.1% during the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Emerson Electric during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 71.14% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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