Emerson Electric (NYSE:EMR) had its price target increased by Barclays from $60.00 to $65.00 in a research report sent to investors on Wednesday morning, Stock Ratings News reports. The firm currently has an equal weight rating on the stock.
A number of other analysts have also recently weighed in on EMR. Analysts at Zacks reiterated a neutral rating on shares of Emerson Electric in a research note to investors on Friday, September 27th. They now have a $69.00 price target on the stock. Analysts at Sanford C. Bernstein raised their price target on shares of Emerson Electric from $62.00 to $68.00 in a research note to investors on Tuesday, August 13th. They now have a market perform rating on the stock. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $63.21.
Shares of Emerson Electric (NYSE:EMR) traded up 1.39% on Wednesday, hitting $66.97. 2,727,463 shares of the company’s stock traded hands. Emerson Electric has a 52-week low of $47.63 and a 52-week high of $67.57. The stock has a 50-day moving average of $65.56 and a 200-day moving average of $60.46. The company has a market cap of $47.852 billion and a price-to-earnings ratio of 32.28.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.11 by $0.01. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter last year, the company posted $1.11 earnings per share. Emerson Electric’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Emerson Electric will post $3.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Wednesday, November 13th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.41.
Emerson Electric Co (NYSE:EMR) is a diversified global technology company.
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