Emerson Electric (NYSE:EMR) Upgraded at Daiwa America

Daiwa America upgraded shares of Emerson Electric (NYSE:EMR) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts have also commented on the stock. Wells Fargo & Company decreased their price objective on shares of Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday. They set an “outperform” rating and a $147.00 price objective for the company. BNP Paribas initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Stock Up 1.2 %

Shares of EMR stock opened at $130.41 on Tuesday. The stock’s fifty day moving average price is $127.10 and its 200 day moving average price is $116.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric has a 1-year low of $91.64 and a 1-year high of $134.85. The company has a market cap of $74.27 billion, a price-to-earnings ratio of 38.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Emerson Electric

A number of institutional investors have recently made changes to their positions in EMR. GDS Wealth Management grew its holdings in shares of Emerson Electric by 2.0% during the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after buying an additional 79 shares in the last quarter. Berkshire Bank grew its stake in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 89 shares in the last quarter. Little House Capital LLC raised its holdings in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after acquiring an additional 89 shares during the last quarter. Grove Bank & Trust lifted its stake in Emerson Electric by 5.4% in the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 90 shares in the last quarter. Finally, Silver Lake Advisory LLC grew its position in shares of Emerson Electric by 0.4% in the fourth quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company’s stock valued at $3,005,000 after purchasing an additional 90 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.