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 released on Sunday.

Several other analysts have also issued reports on the company. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Wells Fargo & Company increased their target price on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $133.17.

Emerson Electric Stock Down 1.0 %

EMR stock opened at $129.18 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The stock has a market capitalization of $73.57 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 2.20 and a beta of 1.34. The business’s fifty day moving average price is $119.93 and its two-hundred day moving average price is $112.19. Emerson Electric has a fifty-two week low of $89.17 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.63%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction 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 directly owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently bought and sold shares of EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter valued at about $29,000. Meeder Asset Management Inc. raised its holdings 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 valued at $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the third quarter valued at about $33,000. 74.30% of the stock is owned by institutional investors.

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.