Emerson Electric (NYSE:EMR) Sets New 1-Year High – Still a Buy?

Emerson Electric Co. (NYSE:EMR) shares hit a new 52-week high on Tuesday . The company traded as high as $130.30 and last traded at $129.62, with a volume of 181596 shares trading hands. The stock had previously closed at $129.20.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada dropped their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Trading Up 1.4 %

The stock has a market cap of $74.54 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.16 and a beta of 1.30. The business’s 50 day moving average is $109.40 and its 200 day moving average is $109.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is presently 61.40%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the 3rd quarter worth $29,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the 1st quarter worth $31,000. Meeder Asset Management Inc. increased its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at about $33,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company Profile

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.