Emerson Electric (NYSE:EMR) Downgraded by StockNews.com to "Hold"

StockNews.com lowered shares of Emerson Electric (NYSE:EMR - Free Report) from a buy rating to a hold rating in a report released on Friday.

Several other research firms also recently issued reports on EMR. Citigroup initiated coverage on shares of Emerson Electric in a report on Monday, March 17th. They set a "buy" rating and a $132.00 price objective on the stock. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. KeyCorp reduced their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays cut their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Remove Ads

Emerson Electric Stock Up 0.4 %

Shares of NYSE:EMR traded up $0.42 during trading on Friday, reaching $100.91. The stock had a trading volume of 3,387,970 shares, compared to its average volume of 3,184,308. The firm's 50-day simple moving average is $114.17 and its 200 day simple moving average is $119.42. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric has a one year low of $90.06 and a one year high of $134.85. The company has a market capitalization of $56.90 billion, a P/E ratio of 24.08, a PEG ratio of 2.49 and a beta of 1.28.

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

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.09%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock worth $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Emerson Electric during the 4th quarter valued at about $297,947,000. Boston Partners lifted its stake in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock worth $411,944,000 after purchasing an additional 1,913,120 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

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.