Emerson Electric (NYSE:EMR) Price Target Raised to $112.00

Emerson Electric (NYSE:EMR) had its price target raised by Barclays from $104.00 to $112.00 in a research note published on Friday,Benzinga reports. Barclays currently has an underweight rating on the industrial products company’s stock.

Several other research analysts also recently commented on EMR. Robert W. Baird cut their target price on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Citigroup raised their target price on Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. KeyCorp cut their target price on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their price target on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Finally, Royal Bank of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.53.

Emerson Electric Stock Down 0.5%

Shares of NYSE EMR opened at $119.27 on Friday. Emerson Electric has a 52 week low of $90.06 and a 52 week high of $134.85. The business has a 50-day simple moving average of $108.64 and a two-hundred day simple moving average of $118.68. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $67.09 billion, a P/E ratio of 28.47, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company earned $1.36 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Research analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.77%. Emerson Electric’s dividend payout ratio is 50.48%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently bought and sold shares of the stock. GDS Wealth Management increased its stake in Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after purchasing an additional 79 shares during the period. Mcdonald Partners LLC increased its stake in Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Little House Capital LLC increased its stake in Emerson Electric by 0.5% in the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock worth $2,108,000 after purchasing an additional 89 shares during the period. Sargent Investment Group LLC increased its stake in Emerson Electric by 0.5% in the 4th quarter. Sargent Investment Group LLC now owns 16,986 shares of the industrial products company’s stock worth $2,012,000 after purchasing an additional 90 shares during the period. Finally, Pittenger & Anderson Inc. increased its stake in shares of Emerson Electric by 0.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company’s stock valued at $4,466,000 after buying an additional 95 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.