Emerson Electric (NYSE:EMR) Reaches New 1-Year High – What’s Next?

Shares of Emerson Electric Co. (NYSE:EMR) reached a new 52-week high during trading on Monday . The stock traded as high as $131.67 and last traded at $131.50, with a volume of 86872 shares changing hands. The stock had previously closed at $130.07.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EMR. Royal Bank of Canada dropped their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. KeyCorp increased their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Trading Up 2.2 %

The firm has a market capitalization of $75.80 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.18 and a beta of 1.30. The business’s 50-day simple moving average is $114.02 and its two-hundred day simple moving average is $110.75. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Emerson Electric by 55.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 3,060 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after buying an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after purchasing an additional 5,416 shares during the last quarter. V Square Quantitative Management LLC raised its position in Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at $443,000. 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.