Emerson Electric (NYSE:EMR) Upgraded at 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 Thursday.

Other equities analysts have also recently issued reports about the company. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 15th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.94.

Emerson Electric Stock Down 7.3 %

Shares of NYSE EMR opened at $94.47 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a 50-day moving average price of $118.39 and a 200-day moving average price of $119.74. The stock has a market capitalization of $53.27 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric has a 1 year low of $92.23 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.23%. Emerson Electric’s payout ratio is 50.36%.

Institutional Trading of Emerson Electric

A number of institutional investors have recently modified their holdings of EMR. Howard Capital Management Group LLC grew its position in shares of Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Emerson Electric by 13.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 24,977 shares of the industrial products company’s stock valued at $2,732,000 after buying an additional 2,900 shares in the last quarter. Centiva Capital LP increased its position in shares of Emerson Electric by 15.1% during the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company’s stock valued at $421,000 after buying an additional 506 shares during the period. Hilltop Holdings Inc. lifted its holdings in shares of Emerson Electric by 27.1% in the third quarter. Hilltop Holdings Inc. now owns 7,301 shares of the industrial products company’s stock worth $799,000 after buying an additional 1,555 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Emerson Electric by 38.8% during the third quarter. HighTower Advisors LLC now owns 415,876 shares of the industrial products company’s stock valued at $45,464,000 after acquiring an additional 116,162 shares in the last quarter. 74.30% of the stock is currently 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.