Emerson Electric (NYSE:EMR) Price Target Raised to $125.00

Emerson Electric (NYSE:EMR - Free Report) had its price target raised by Oppenheimer from $120.00 to $125.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the industrial products company's stock.

Several other analysts also recently issued reports on EMR. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an underweight rating and a $105.00 price objective on the stock. Royal Bank of Canada dropped their target price on Emerson Electric from $140.00 to $139.00 and set an outperform rating on the stock in a report on Thursday, August 8th. Robert W. Baird upped their target price on Emerson Electric from $116.00 to $117.00 and gave the company a neutral rating in a report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a report on Monday, July 8th. They issued a buy rating and a $135.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an overweight rating to a neutral rating and dropped their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $124.59.

Emerson Electric Price Performance

NYSE EMR traded up $4.50 on Thursday, reaching $108.90. The company's stock had a trading volume of 4,063,026 shares, compared to its average volume of 2,736,506. Emerson Electric has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market cap of $62.30 billion, a PE ratio of 5.70, a PEG ratio of 1.74 and a beta of 1.30. The firm's 50 day moving average is $106.27 and its two-hundred day moving average is $109.35.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. As a group, sell-side analysts predict that Emerson Electric will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. Emerson Electric's payout ratio is currently 11.24%.

Institutional Investors Weigh In On Emerson Electric

Large investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 235 shares during the period. Security National Bank bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $35,000. Finally, Rise Advisors LLC bought a new stake in shares of Emerson Electric in the first quarter valued at approximately $36,000. Institutional investors 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.