Brokerages Set Emerson Electric Co. (NYSE:EMR) Price Target at $127.65

Shares of Emerson Electric Co. (NYSE:EMR) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $130.00.

A number of analysts have recently commented on EMR shares. BNP Paribas started coverage on Emerson Electric in a report on Wednesday. They issued an “outperform” rating and a $155.00 price target on the stock. Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company boosted their price target on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $126.78 on Friday. The firm has a market cap of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The stock’s 50-day moving average is $110.57 and its 200-day moving average is $109.84. Emerson Electric has a one year low of $87.17 and a one year high of $131.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

Hedge Funds Weigh In On Emerson Electric

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new position in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter worth approximately $33,000. 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.