Emerson Electric (NYSE:EMR) Price Target Raised to $140.00

Emerson Electric (NYSE:EMR) had its price target upped by Deutsche Bank Aktiengesellschaft from $136.00 to $140.00 in a research note issued to investors on Wednesday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the industrial products company’s stock.

Several other analysts have also recently commented on the stock. Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Wells Fargo & Company decreased their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Stock Up 0.1 %

EMR stock opened at $127.26 on Wednesday. The firm has a 50 day moving average of $108.39 and a 200 day moving average of $109.30. The stock has a market capitalization of $72.88 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a 52 week low of $85.00 and a 52 week high of $128.56.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is presently 61.40%.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Institutional Trading of Emerson Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Norden Group LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at $231,000. Mediolanum International Funds Ltd acquired a new position in shares of Emerson Electric in the 1st quarter valued at $398,000. Texas Permanent School Fund Corp increased its holdings in shares of Emerson Electric by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 118,175 shares of the industrial products company’s stock valued at $13,403,000 after acquiring an additional 467 shares during the period. Advisory Services Network LLC grew its position in Emerson Electric by 17.3% in the 1st quarter. Advisory Services Network LLC now owns 30,470 shares of the industrial products company’s stock valued at $3,456,000 after buying an additional 4,496 shares during the last quarter. Finally, Empirical Finance LLC grew its position in Emerson Electric by 3.4% in the 1st quarter. Empirical Finance LLC now owns 21,014 shares of the industrial products company’s stock valued at $2,383,000 after buying an additional 692 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.