Stephens Downgrades Emerson Electric (NYSE:EMR) to Equal Weight

Stephens cut shares of Emerson Electric (NYSE:EMR - Free Report) from an overweight rating to an equal weight rating in a research note published on Wednesday, MarketBeat Ratings reports. They currently have $120.00 price target on the industrial products company's stock, down from their prior price target of $135.00.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target for the company. Oppenheimer boosted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.47.

Emerson Electric Trading Up 1.2 %

Emerson Electric stock traded up $1.34 during trading hours on Wednesday, hitting $110.59. The company had a trading volume of 1,649,098 shares, compared to its average volume of 2,712,292. Emerson Electric has a 1 year low of $83.10 and a 1 year 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 firm has a market cap of $63.27 billion, a P/E ratio of 5.94, a P/E/G ratio of 1.70 and a beta of 1.30. The company has a 50-day moving average price of $105.18 and a two-hundred day moving average price of $109.21.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.90%. Emerson Electric's payout ratio is currently 11.24%.

Institutional Trading of Emerson Electric

Large investors have recently bought and sold shares of the company. Newport Trust Company LLC bought a new position in Emerson Electric during the second quarter worth $574,908,000. Swedbank AB lifted its stake in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Perpetual Ltd lifted its stake in Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after buying an additional 1,204,058 shares during the last quarter. Clean Energy Transition LLP raised its stake in shares of Emerson Electric by 110.7% during the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company's stock valued at $213,817,000 after purchasing an additional 990,615 shares in the last quarter. Finally, Sarasin & Partners LLP bought a new stake in shares of Emerson Electric during the third quarter valued at about $87,551,000. 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.