Emerson Electric (NYSE:EMR) Given New $116.00 Price Target at Barclays

Emerson Electric (NYSE:EMR) had its target price hoisted by Barclays from $103.00 to $116.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

EMR has been the topic of a number of other reports. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Morgan Stanley began coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Stock Down 0.9 %

Shares of EMR stock traded down $1.15 during trading hours on Wednesday, hitting $125.71. 1,029,384 shares of the company were exchanged, compared to its average volume of 2,720,509. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market capitalization of $71.99 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.30. Emerson Electric has a one year low of $84.61 and a one year high of $127.74. The business’s 50-day simple moving average is $107.50 and its two-hundred day simple moving average is $109.05.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business earned $1.29 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Emerson Electric will post 5.48 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric’s dividend payout ratio is currently 70.47%.

Hedge Funds Weigh In On Emerson Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in Emerson Electric in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the third quarter worth $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Emerson Electric during the third quarter valued at $33,000. 74.30% of the stock is currently owned by hedge funds and other 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.