Barclays cut shares of Emerson Electric (NYSE:EMR - Free Report) from an equal weight rating to an underweight rating in a report published on Monday, Marketbeat reports. The brokerage currently has $110.00 price target on the industrial products company's stock, down from their previous price target of $135.00.
EMR has been the topic of several other research reports. Wells Fargo & Company raised their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Finally, StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $136.28.
View Our Latest Research Report on EMR
Emerson Electric Trading Down 5.8 %
Shares of EMR stock traded down $6.89 during trading hours on Monday, reaching $111.73. The company had a trading volume of 5,154,692 shares, compared to its average volume of 2,933,377. The company has a 50 day moving average of $123.39 and a 200 day moving average of $118.78. 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 firm has a market cap of $63.00 billion, a price-to-earnings 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Emerson Electric will post 5.96 EPS for the current year.
Emerson Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.89%. Emerson Electric's payout ratio is 50.36%.
Institutional Investors Weigh In On Emerson Electric
A number of hedge funds and other institutional investors have recently made changes to their positions in EMR. Wilmington Savings Fund Society FSB increased its stake in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after acquiring an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Larson Financial Group LLC grew 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 during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in shares of Emerson Electric in the third quarter worth $443,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Company Profile
(
Get Free Report)
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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