Emerson Electric (NYSE:EMR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research note released on Wednesday morning.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company raised their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Morgan Stanley initiated coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays raised their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Trading Up 0.1 %

Shares of NYSE EMR opened at $127.26 on Wednesday. The business has a fifty day moving average price of $108.39 and a 200 day moving average price of $109.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. Emerson Electric has a 1-year low of $85.00 and a 1-year high of $128.56. The stock has a market capitalization of $72.88 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.40%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently modified their holdings of EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter worth about $29,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the 1st quarter worth about $31,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.