Emerson Electric (NYSE:EMR) Upgraded to Strong-Buy at Daiwa America

Daiwa America upgraded shares of Emerson Electric (NYSE:EMR) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.45.

Emerson Electric Stock Up 1.2 %

Shares of NYSE:EMR opened at $130.41 on Tuesday. The business has a 50-day moving average price of $127.10 and a 200 day moving average price of $116.28. Emerson Electric has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $74.27 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.5275 dividend. 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. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently made changes to their positions in the business. MN Wealth Advisors LLC purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $216,000. Strategic Financial Concepts LLC purchased a new position in Emerson Electric in the 4th quarter valued at $2,169,000. Allworth Financial LP increased its stake in Emerson Electric by 11.7% in the 4th quarter. Allworth Financial LP now owns 20,280 shares of the industrial products company’s stock valued at $2,635,000 after buying an additional 2,127 shares during the period. Principal Securities Inc. raised its position in Emerson Electric by 5.0% during the 4th quarter. Principal Securities Inc. now owns 7,888 shares of the industrial products company’s stock worth $978,000 after buying an additional 378 shares during the last quarter. Finally, Quantum Private Wealth LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $211,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

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.