Emerson Electric (NYSE:EMR) Price Target Lowered to $140.00 at Wells Fargo & Company

Emerson Electric (NYSE:EMR) had its price target cut by Wells Fargo & Company from $145.00 to $140.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on the stock. KeyCorp upped their price objective 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. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Stock Performance

NYSE:EMR opened at $120.62 on Tuesday. The business’s fifty day moving average price is $126.43 and its 200 day moving average price is $114.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a market capitalization of $68.70 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. Emerson Electric has a 12 month low of $91.64 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is presently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Meeder Asset Management Inc. raised its position 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. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric in the third quarter worth $33,000. 74.30% of the stock is currently owned by 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.