Barclays Issues Positive Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its target price raised by Barclays from $127.00 to $135.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

A number of other analysts have also recently commented on EMR. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Royal Bank Of Canada increased their target price on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Citigroup boosted their price objective 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Finally, Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.61.

Emerson Electric Price Performance

NYSE EMR traded down $2.22 on Thursday, hitting $129.27. 4,630,954 shares of the company were exchanged, compared to its average volume of 3,088,752. Emerson Electric has a 1-year low of $90.06 and a 1-year high of $150.27. The firm has a 50 day moving average of $132.42 and a two-hundred day moving average of $129.33. The company has a market cap of $72.75 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion for the quarter. On average, equities analysts predict that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Emerson Electric declared that its Board of Directors has authorized a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. NewEdge Wealth LLC boosted its position in shares of Emerson Electric by 18.9% in the third quarter. NewEdge Wealth LLC now owns 17,514 shares of the industrial products company’s stock valued at $2,320,000 after acquiring an additional 2,789 shares during the period. Essex Financial Services Inc. boosted its holdings in Emerson Electric by 8.5% in the 3rd quarter. Essex Financial Services Inc. now owns 10,273 shares of the industrial products company’s stock valued at $1,348,000 after purchasing an additional 804 shares during the period. Syon Capital LLC grew its position in shares of Emerson Electric by 24.9% during the 3rd quarter. Syon Capital LLC now owns 8,552 shares of the industrial products company’s stock worth $1,122,000 after purchasing an additional 1,703 shares in the last quarter. First National Bank of Omaha acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $698,000. Finally, Drucker Wealth 3.0 LLC boosted its stake in shares of Emerson Electric by 76.3% in the third quarter. Drucker Wealth 3.0 LLC now owns 12,167 shares of the industrial products company’s stock valued at $1,596,000 after buying an additional 5,267 shares during the period. Institutional investors own 74.30% of the company’s stock.

About Emerson Electric

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.