Edward Jones lowered shares of Emerson Electric Company (NYSE:EMR) from a buy rating to a hold rating in a report released on Friday, MarketBeat reports.

A number of other equities analysts have also recently commented on the company. Cowen and Company raised Emerson Electric to a buy rating and set a $71.00 price target on the stock in a research note on Monday, October 23rd. Citigroup Inc. reaffirmed a sell rating and issued a $61.00 price target (up from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. Bank of America Corporation raised Emerson Electric from a neutral rating to a buy rating and lifted their price target for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Stifel Nicolaus reaffirmed a buy rating on shares of Emerson Electric in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut Emerson Electric from a hold rating to a sell rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Emerson Electric currently has an average rating of Hold and a consensus target price of $65.14.

Emerson Electric (EMR) opened at $59.85 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $38,305.17, a PE ratio of 23.20, a P/E/G ratio of 2.73 and a beta of 1.24. Emerson Electric has a 1-year low of $53.92 and a 1-year high of $67.79.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS. research analysts anticipate that Emerson Electric will post 2.91 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 3.24%. Emerson Electric’s payout ratio is currently 82.55%.

In related news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now directly owns 64,290 shares in the company, valued at $3,792,467.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Captrust Financial Advisors bought a new stake in shares of Emerson Electric during the second quarter valued at approximately $177,119,000. Vanguard Group Inc. boosted its holdings in Emerson Electric by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Emerson Electric by 135.9% in the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after acquiring an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in Emerson Electric by 217.1% in the second quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock worth $145,480,000 after acquiring an additional 1,684,786 shares in the last quarter. Finally, Longview Partners Guernsey LTD boosted its holdings in Emerson Electric by 9.0% in the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after acquiring an additional 1,134,275 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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