KeyCorp Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR - Free Report) had its price objective decreased by KeyCorp from $158.00 to $125.00 in a research note published on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the industrial products company's stock.

Several other research analysts have also recently issued reports on EMR. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Citigroup initiated coverage on Emerson Electric in a research note on Monday, March 17th. They set a "buy" rating and a $132.00 target price on the stock. Wells Fargo & Company upped their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Finally, Barclays lowered their target price on shares of Emerson Electric from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 26th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.39.

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Emerson Electric Stock Up 0.6 %

NYSE:EMR traded up $0.60 during mid-day trading on Tuesday, hitting $100.33. 3,621,137 shares of the company's stock were exchanged, compared to its average volume of 2,899,380. 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 business has a fifty day moving average price of $114.17 and a 200 day moving average price of $119.34. Emerson Electric has a one year low of $90.06 and a one year high of $134.85. The company has a market cap of $56.57 billion, a PE ratio of 23.94, a P/E/G ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) 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%. Equities analysts predict that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EMR. Norges Bank purchased a new position in Emerson Electric during 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% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. bought a new position in Emerson Electric in the 4th quarter worth $297,947,000. Boston Partners raised its holdings in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after acquiring an additional 1,913,120 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Emerson Electric by 234.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.