Emerson Electric (NYSE:EMR) Upgraded by StockNews.com to Buy Rating

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

A number of other research analysts have also recently commented on EMR. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday. KeyCorp increased their price target 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. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. Finally, Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

NYSE:EMR opened at $124.37 on Friday. 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 market cap of $70.83 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 2.22 and a beta of 1.34. Emerson Electric has a 52 week low of $96.62 and a 52 week high of $134.85. The firm’s 50-day simple moving average is $126.68 and its 200 day simple moving average is $116.74.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, sell-side analysts predict that Emerson Electric will post 5.91 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. Emerson Electric’s payout ratio is 61.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EMR. Brookstone Capital Management lifted its stake in shares of Emerson Electric by 16.8% in the third quarter. Brookstone Capital Management now owns 11,978 shares of the industrial products company’s stock worth $1,310,000 after acquiring an additional 1,727 shares during the period. CWM LLC lifted its position in shares of Emerson Electric by 4.5% in the 3rd quarter. CWM LLC now owns 17,352 shares of the industrial products company’s stock worth $1,898,000 after purchasing an additional 742 shares during the period. Wedmont Private Capital boosted its stake in shares of Emerson Electric by 2.0% in the 3rd quarter. Wedmont Private Capital now owns 4,950 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 99 shares during the last quarter. LifePro Asset Management increased its position in shares of Emerson Electric by 20.5% during the third quarter. LifePro Asset Management now owns 3,822 shares of the industrial products company’s stock worth $418,000 after buying an additional 650 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new position in Emerson Electric in the third quarter valued at $1,321,000. 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.