JPMorgan Chase & Co. Cuts Emerson Electric (NYSE:EMR) Price Target to $110.00

Emerson Electric (NYSE:EMR) had its target price decreased by JPMorgan Chase & Co. from $135.00 to $110.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.

Several other equities research analysts have also commented on the stock. Barclays dropped their price target on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 price target on the stock. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.39.

Emerson Electric Stock Down 4.6 %

Shares of Emerson Electric stock opened at $99.66 on Tuesday. Emerson Electric has a twelve month low of $90.06 and a twelve month high of $134.85. The stock has a market capitalization of $56.20 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $114.72 and its 200-day simple moving average is $119.37.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities research analysts forecast that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.12%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after acquiring an additional 384,313 shares during the period. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after purchasing an additional 232,540 shares in the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $885,886,000. Nordea Investment Management AB increased its stake in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after buying an additional 375,470 shares during the period. Finally, Northern Trust Corp lifted its position in Emerson Electric by 5.9% in the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after buying an additional 370,560 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.