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 report released on Friday.

Several other analysts have also weighed in on the company. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. KeyCorp cut their target price on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Robert W. Baird lowered their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.88.

Emerson Electric Stock Performance

NYSE:EMR opened at $112.55 on Friday. The firm’s fifty day simple moving average is $106.79 and its 200-day simple moving average is $118.59. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $63.31 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted $1.36 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stokes Family Office LLC raised its holdings in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 4,480 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 434 shares during the period. World Investment Advisors lifted its holdings in shares of Emerson Electric by 41.2% during the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock valued at $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Finally, Howland Capital Management LLC boosted its position in Emerson Electric by 13.0% during the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock worth $3,283,000 after purchasing an additional 3,054 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.