Emerson Electric (NYSE:EMR) Downgraded to Underweight Rating by Barclays

Barclays cut shares of Emerson Electric (NYSE:EMR) from an equal weight rating to an underweight rating in a research note released on Monday morning, MarketBeat Ratings reports. Barclays currently has $110.00 price objective on the industrial products company’s stock, down from their prior price objective of $135.00.

A number of other research firms have also commented on EMR. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. KeyCorp upped their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, UBS Group assumed coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.28.

Emerson Electric Stock Down 5.8 %

Shares of NYSE EMR opened at $111.73 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a 50-day moving average price of $123.39 and a 200-day moving average price of $118.78. The stock has a market capitalization of $63.00 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock valued at $6,634,837,000 after buying an additional 384,313 shares during the period. State Street Corp grew its holdings in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP raised its position in Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after buying an additional 581,102 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after buying an additional 232,540 shares during the period. Finally, Norges Bank purchased a new stake in Emerson Electric during the fourth quarter worth about $885,886,000. 74.30% of the stock is 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.