Emerson Electric (NYSE:EMR) Price Target Raised to $159.00

Emerson Electric (NYSE:EMR) had its price target lifted by Deutsche Bank Aktiengesellschaft from $157.00 to $159.00 in a report issued on Thursday,MarketScreener reports. They currently have a buy rating on the industrial products company’s stock.

EMR has been the topic of several other research reports. Wells Fargo & Company boosted their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Daiwa Capital Markets raised their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Citigroup boosted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $134.79 on Thursday. The stock has a market cap of $75.86 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.37 and a beta of 1.29. The firm’s 50-day simple moving average is $134.13 and its 200 day simple moving average is $124.64. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter last year, the company earned $1.43 EPS. Emerson Electric’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio is currently 45.38%.

Institutional Investors Weigh In On Emerson Electric

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Emerson Electric by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 54,129,898 shares of the industrial products company’s stock valued at $7,217,139,000 after purchasing an additional 695,105 shares during the period. State Street Corp raised its position in Emerson Electric by 3.0% during the second quarter. State Street Corp now owns 27,053,019 shares of the industrial products company’s stock valued at $3,606,979,000 after buying an additional 784,987 shares during the period. Wellington Management Group LLP lifted its stake in Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Emerson Electric by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after acquiring an additional 5,371,585 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Emerson Electric by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock valued at $1,610,958,000 after purchasing an additional 89,192 shares during the period. Hedge funds and other 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.