Emerson Electric (NYSE:EMR) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a research report released on Thursday.

Several other equities research analysts also recently issued reports on the stock. Mizuho increased their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They issued a buy rating and a $135.00 target price for the company. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a buy rating in a research report on Friday, May 10th. Barclays raised their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an equal weight rating in a research report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a hold rating to a buy rating and raised their target price for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $123.44.

Emerson Electric Stock Up 2.0 %

Shares of EMR stock opened at $116.84 on Thursday. The firm has a fifty day moving average of $111.23 and a 200-day moving average of $108.27. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. Emerson Electric has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a market capitalization of $66.84 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 1.99 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Institutional Trading of Emerson Electric

A number of hedge funds have recently modified their holdings of EMR. Tobam lifted its stake in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Emerson Electric during the 1st quarter worth about $29,000. Security National Bank acquired a new stake in Emerson Electric in the 4th quarter worth about $29,000. Cape Investment Advisory Inc. raised its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

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.