Emerson Electric (NYSE:EMR) Now Covered by BNP Paribas

BNP Paribas assumed coverage on shares of Emerson Electric (NYSE:EMR) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $155.00 price objective on the industrial products company’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. Finally, Barclays raised their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Up 1.4 %

Shares of NYSE:EMR opened at $130.16 on Wednesday. The company has a market cap of $74.54 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. Emerson Electric has a 52 week low of $87.17 and a 52 week high of $131.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a 50 day simple moving average of $109.40 and a 200 day simple moving average of $109.56.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.40%.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of Emerson Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in shares of Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 3,060 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after acquiring an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in Emerson Electric by 112.4% during the first quarter. Mizuho Markets Americas LLC now owns 105,877 shares of the industrial products company’s stock valued at $12,009,000 after purchasing an additional 56,032 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Emerson Electric by 82.0% during the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares during the last quarter. 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.