StockNews.com downgraded shares of Emerson Electric (NYSE:EMR - Free Report) from a buy rating to a hold rating in a research report released on Monday.
A number of other brokerages also recently weighed in on EMR. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. KeyCorp lifted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Barclays cut Emerson Electric from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $135.00 to $110.00 in a report on Monday. Finally, BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued 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 a consensus rating of "Moderate Buy" and an average target price of $136.28.
Read Our Latest Analysis on Emerson Electric
Emerson Electric Price Performance
NYSE EMR traded down $1.67 on Monday, hitting $109.17. The stock had a trading volume of 2,256,832 shares, compared to its average volume of 2,950,390. The firm has a 50-day moving average of $122.60 and a 200-day moving average of $118.70. The company has a market capitalization of $61.56 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric has a 52-week low of $96.62 and a 52-week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts expect that Emerson Electric will post 5.96 EPS for the current 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 $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.93%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
Institutional Investors Weigh In On Emerson Electric
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Emerson Electric by 0.7% during 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 acquiring an additional 384,313 shares in the last quarter. State Street Corp lifted its stake in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP boosted its position in shares of Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the period. Finally, Norges Bank bought a new position in Emerson Electric in the fourth quarter worth $885,886,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Company Profile
(
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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.
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