Emerson Electric (NYSE:EMR) Upgraded at StockNews.com

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research note published on Thursday.

Several other brokerages have also weighed in on EMR. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. KeyCorp raised their price target on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $1.32 on Thursday, reaching $127.15. 1,031,701 shares of the stock were exchanged, compared to its average volume of 2,734,064. Emerson Electric has a 1-year low of $87.17 and a 1-year high of $131.56. The business has a fifty day moving average price of $110.57 and a two-hundred day moving average price of $109.84. The firm has a market capitalization of $72.50 billion, a PE ratio of 37.63, a PEG ratio of 2.18 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. This is a positive change 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 yield of 1.66%. Emerson Electric’s dividend payout ratio is 61.40%.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the third quarter valued at approximately $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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.