Wells Fargo & Company Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Emerson Electric (NYSE:EMR) had its price objective raised by Wells Fargo & Company from $140.00 to $142.00 in a research note published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday. KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Performance

Shares of EMR opened at $127.49 on Thursday. The company has a 50-day simple moving average of $126.78 and a two-hundred day simple moving average of $116.66. Emerson Electric has a one year low of $96.62 and a one year high of $134.85. The firm has a market capitalization of $72.61 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. 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 (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. On average, analysts anticipate that Emerson Electric will post 5.91 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.65%. Emerson Electric’s payout ratio is 61.70%.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds have recently added to or reduced their stakes in EMR. State Street Corp grew its stake in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP grew its stake in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock worth $1,591,612,000 after acquiring an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB grew its stake in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after acquiring an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. 74.30% of the stock is currently 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.