Emerson Electric (NYSE:EMR) Price Target Lowered to $119.00 at Citigroup

Emerson Electric (NYSE:EMR) had its price target reduced by Citigroup from $132.00 to $119.00 in a report published on Monday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.

Several other analysts have also commented on the company. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. KeyCorp dropped their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $100.91 on Monday. 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 firm’s 50 day simple moving average is $113.69 and its 200-day simple moving average is $119.36. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85. The stock has a market capitalization of $56.90 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.49 and a beta of 1.28.

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

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently bought and sold shares of the company. GDS Wealth Management boosted its holdings in Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC lifted its stake in shares of Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock valued at $1,761,000 after purchasing an additional 81 shares in the last quarter. Berkshire Bank grew its holdings in shares of Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 89 shares during the period. Little House Capital LLC increased its position in Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after purchasing an additional 89 shares in the last quarter. Finally, Grove Bank & Trust raised its holdings in Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares during the period. 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.