Emerson Electric (NYSE:EMR - Free Report) had its price target lowered by JPMorgan Chase & Co. from $137.00 to $135.00 in a research note published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company's stock.
Other research analysts have also recently issued reports about the stock. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Loop Capital raised their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Oppenheimer upped their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.89.
Read Our Latest Stock Report on EMR
Emerson Electric Price Performance
Emerson Electric stock traded up $0.96 during midday trading on Wednesday, hitting $120.75. 1,471,250 shares of the company's stock were exchanged, compared to its average volume of 2,253,135. The stock has a 50-day moving average price of $127.30 and a two-hundred day moving average price of $115.01. Emerson Electric has a 52-week low of $91.64 and a 52-week high of $134.85. The company has a market cap of $68.77 billion, a P/E ratio of 35.31, a PEG ratio of 2.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.
Emerson Electric Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric's payout ratio is presently 61.70%.
Insider Buying and Selling at Emerson Electric
In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Emerson Electric
Institutional investors and hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont raised its stake in Emerson Electric by 4.4% in the fourth quarter. Trust Co. of Vermont now owns 154,497 shares of the industrial products company's stock worth $19,147,000 after buying an additional 6,522 shares in the last quarter. CGN Advisors LLC bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $281,000. Howard Financial Services LTD. purchased a new position in shares of Emerson Electric in the 4th quarter valued at approximately $274,000. Integrated Investment Consultants LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $1,815,000. Finally, Whitener Capital Management Inc. grew its stake in Emerson Electric by 1.0% in the fourth quarter. Whitener Capital Management Inc. now owns 20,565 shares of the industrial products company's stock worth $2,549,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.
About Emerson Electric
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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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