Emerson Electric (NYSE:EMR) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research report report published on Friday morning.

EMR has been the subject of several other research reports. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. Barclays upped their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Price Performance

Shares of EMR stock opened at $124.37 on Friday. The firm has a market capitalization of $70.83 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. Emerson Electric has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $126.68 and a 200-day moving average of $116.74.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, equities research analysts forecast that Emerson Electric will post 5.91 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Institutional Trading of Emerson Electric

A number of hedge funds have recently made changes to their positions in EMR. Stephens Consulting LLC bought a new stake in Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth about $25,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter worth about $30,000. Finally, Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter valued at about $29,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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.