Emerson Electric (NYSE:EMR) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Emerson Electric (NYSE:EMR - Free Report) in a report issued on Thursday, MarketBeat reports. The firm issued a buy rating and a $160.00 price target on the industrial products company's stock.

Other research analysts also recently issued research reports about the company. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. lowered shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.58.

Emerson Electric Price Performance

Emerson Electric stock traded up $0.29 during mid-day trading on Thursday, reaching $131.16. The company had a trading volume of 2,299,045 shares, compared to its average volume of 2,743,445. Emerson Electric has a fifty-two week low of $90.66 and a fifty-two week high of $134.85. The company has a market cap of $74.70 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.20 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $120.74 and a 200 day simple moving average of $112.43.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.61%. 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 payout ratio is currently 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, 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 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in Emerson Electric by 55.0% in the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after buying an additional 3,060 shares during the last quarter. Bank of Montreal Can increased its holdings in Emerson Electric by 17.0% in the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after acquiring an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after acquiring an additional 5,416 shares during the period. Geode Capital Management LLC lifted its holdings in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after purchasing an additional 5,393 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.