Emerson Electric (EMR) – Investment Analysts’ Weekly Ratings Updates

Posted by Defense World Staff on Nov 14th, 2024

Several brokerages have updated their recommendations and price targets on shares of Emerson Electric (NYSE: EMR) in the last few weeks:

11/13/2024 – Emerson Electric is now covered by analysts at BNP Paribas. They set an “outperform” rating and a $155.00 price target on the stock.
11/13/2024 – Emerson Electric is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $135.00 price target on the stock.
11/6/2024 – Emerson Electric had its price target raised by analysts at Wells Fargo & Company from $128.00 to $135.00. They now have an “overweight” rating on the stock.
11/6/2024 – Emerson Electric had its price target raised by analysts at KeyCorp from $125.00 to $140.00. They now have an “overweight” rating on the stock.
11/6/2024 – Emerson Electric had its price target lowered by analysts at Royal Bank of Canada from $139.00 to $138.00. They now have an “outperform” rating on the stock.
11/6/2024 – Emerson Electric had its price target raised by analysts at Barclays PLC from $103.00 to $116.00. They now have an “equal weight” rating on the stock.
11/6/2024 – Emerson Electric was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
11/6/2024 – Emerson Electric had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $136.00 to $140.00. They now have a “buy” rating on the stock.
11/4/2024 – Emerson Electric had its price target raised by analysts at Robert W. Baird from $117.00 to $118.00. They now have a “neutral” rating on the stock.
10/16/2024 – Emerson Electric was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $120.00 price target on the stock, down previously from $135.00.
9/26/2024 – Emerson Electric had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $125.00. They now have an “outperform” rating on the stock.

Emerson Electric Price Performance

NYSE:EMR opened at $130.16 on Thursday. The firm has a market cap of $74.54 billion, a P/E ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. The stock has a 50 day moving average of $109.40 and a two-hundred day moving average of $109.56. Emerson Electric Co. has a 12 month low of $87.17 and a 12 month high of $131.56. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The company 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 $0.5275 dividend. 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 1.62%. This is a positive change 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 news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly 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 filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently added to or reduced their stakes in EMR. Newport Trust Company LLC purchased a new position in Emerson Electric in the second quarter worth approximately $574,908,000. Pathway Financial Advisers LLC lifted its stake in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after purchasing an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB increased its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd raised its holdings in Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after buying an additional 1,204,058 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.