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 research report sent to investors on Friday morning.

A number of other research firms also recently commented on EMR. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

NYSE:EMR opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. The firm’s 50-day moving average is $126.51 and its 200-day moving average is $116.78. Emerson Electric has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a market cap of $70.83 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts anticipate that Emerson Electric will post 5.95 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is 50.36%.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the third quarter worth approximately $25,000. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the third quarter worth $29,000. Finally, YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter valued at about $30,000. 74.30% of the stock is owned by institutional investors.

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.