By otakuyassine3@gmail.com 
Emerson Electric Co. (NYSE:EMR – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $135.89.
EMR has been the subject of a number of research reports. UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th.
Get Our Latest Research Report on Emerson Electric
Insider Activity at Emerson Electric
In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of EMR. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC raised its holdings in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of 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 worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after purchasing an additional 5,393 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Emerson Electric by 82.0% during the third 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 in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Down 1.3 %
Shares of NYSE EMR opened at $128.89 on Thursday. The firm’s 50 day moving average price is $127.10 and its 200 day moving average price is $115.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market cap of $73.41 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Emerson Electric has a 1 year low of $91.64 and a 1 year high of $134.85.
Emerson Electric Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.
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.
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