Emerson Electric (NYSE:EMR) Price Target Raised to $159.00

Emerson Electric (NYSE:EMR) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $157.00 to $159.00 in a research note issued to investors on Thursday morning,MarketScreener reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the industrial products company’s stock.

Several other analysts have also commented on the company. TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, KeyCorp lifted their price objective on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Stock Up 1.3%

Emerson Electric stock opened at $132.90 on Thursday. The firm has a market cap of $74.79 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.31 and a beta of 1.29. The stock has a fifty day simple moving average of $134.43 and a two-hundred day simple moving average of $124.39. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Equities analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is presently 45.38%.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds have recently made changes to their positions in EMR. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the second quarter worth approximately $29,000. Saudi Central Bank bought a new stake in Emerson Electric during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the first quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric during the first quarter worth approximately $28,000. Finally, Winnow Wealth LLC bought a new stake in Emerson Electric during the second quarter worth approximately $34,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.