Emerson Electric (NYSE:EMR) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities research analysts have also weighed in on the company. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Barclays upped their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.11.

Emerson Electric Trading Up 0.9 %

Shares of Emerson Electric stock opened at $133.75 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company’s fifty day moving average price is $116.88 and its two-hundred day moving average price is $111.38. Emerson Electric has a 52-week low of $87.59 and a 52-week high of $134.17. The firm has a market capitalization of $76.26 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value 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 approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in shares of Emerson Electric by 446.5% in the 1st quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock valued at $22,128,000 after buying an additional 159,395 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Emerson Electric by 21.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,487 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 262 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Emerson Electric by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,708 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 1,009 shares in the last quarter. HBW Advisory Services LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $212,000. Finally, Versant Capital Management Inc raised its holdings in Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.