Emerson Electric (NYSE:EMR) Price Target Raised to $160.00

Emerson Electric (NYSE:EMR) had its price target upped by DA Davidson from $155.00 to $160.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

EMR has been the topic of several other reports. Citigroup boosted their price objective on shares of Emerson Electric from $182.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Rothschild & Co Redburn lifted their target price on shares of Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. TD Cowen lifted their target price on shares of Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, September 25th. KeyCorp increased their price target on shares of Emerson Electric from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $188.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $175.58.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $0.66 during midday trading on Thursday, reaching $166.26. 1,873,643 shares of the company were exchanged, compared to its average volume of 3,114,572. The stock has a market cap of $91.21 billion, a P/E ratio of 34.78, a PEG ratio of 2.34 and a beta of 1.23. Emerson Electric has a 1 year low of $122.64 and a 1 year high of $172.00. The stock has a fifty day simple moving average of $159.58 and a 200 day simple moving average of $148.08. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same period last year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts forecast that Emerson Electric will post 7.37 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be given a dividend of $0.5950 per share. The ex-dividend date is Friday, November 13th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a yield of 1.4%. Emerson Electric’s dividend payout ratio (DPR) is currently 46.44%.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors have recently modified their holdings of the company. ABS Investment Management LLC purchased a new stake in Emerson Electric during the second quarter worth $858,900,000. William Mack & Associates Inc. acquired a new position in shares of Emerson Electric during the 3rd quarter worth $25,000. Financial Management Professionals Inc. boosted its position in shares of Emerson Electric by 100.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock worth $27,000 after buying an additional 86 shares in the last quarter. Next Level Wealth Planning LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter worth about $27,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in Emerson Electric by 113.3% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Emerson Electric

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.