Wall Street Zen lowered shares of Emerson Electric (NYSE:EMR – Free Report) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.
Several other brokerages have also issued reports on EMR. BMO Capital Markets raised shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 1st. Evercore decreased their price target on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, August 31st. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $188.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley reduced their target price on Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.38.
View Our Latest Research Report on EMR
Emerson Electric Trading Down 0.2%
NYSE EMR opened at $162.28 on Friday. The stock has a market capitalization of $90.89 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.29 and a beta of 1.23. The business has a 50 day simple moving average of $157.91 and a 200 day simple moving average of $147.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.66. Emerson Electric has a one year low of $122.64 and a one year high of $172.00.
Emerson Electric (NYSE:EMR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.01. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. Research analysts expect that Emerson Electric will post 7.34 earnings per share for the current year.
Emerson Electric Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be given a dividend of $0.5950 per share. The ex-dividend date of this dividend is Friday, November 13th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric’s payout ratio is currently 46.44%.
Insider Activity
In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EMR. BlackRock Inc. bought a new stake in shares of Emerson Electric during the second quarter worth about $6,193,425,000. State Street Corp lifted its position in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock valued at $3,962,177,000 after acquiring an additional 403,957 shares in the last quarter. Bank of America Corp DE boosted its stake in Emerson Electric by 13.1% during the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after purchasing an additional 2,302,055 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Emerson Electric by 9.6% during the 3rd quarter. Fisher Asset Management LLC now owns 10,327,433 shares of the industrial products company’s stock valued at $1,601,785,000 after purchasing an additional 900,724 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Emerson Electric by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock worth $827,478,000 after purchasing an additional 117,513 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
More Emerson Electric News
Here are the key news stories impacting Emerson Electric this week:
- Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
- Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
- Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
- Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
- Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast
About Emerson Electric
Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.
The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.
Founded in 1890 and headquartered in St.
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