Emerson Electric (NYSE:EMR) Cut to Hold at StockNews.com

StockNews.com lowered shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a research note published on Wednesday.

Other equities analysts also recently issued research reports about the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. BNP Paribas began coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target for the company. Wells Fargo & Company boosted their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, UBS Group began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.58.

Emerson Electric Stock Performance

EMR opened at $123.44 on Wednesday. Emerson Electric has a 12-month low of $91.64 and a 12-month high of $134.85. The company has a market cap of $70.30 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.20 and a beta of 1.35. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $125.63 and its 200 day moving average is $114.25.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric 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 directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Trading of Emerson Electric

A number of large investors have recently made changes to their positions in the stock. TIAA Trust National Association lifted its position in shares of Emerson Electric by 1.5% during the second quarter. TIAA Trust National Association now owns 31,601 shares of the industrial products company’s stock worth $3,481,000 after purchasing an additional 461 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth about $936,000. Oregon Public Employees Retirement Fund grew its position in shares of Emerson Electric by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,144 shares of the industrial products company’s stock worth $5,414,000 after acquiring an additional 234 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in shares of Emerson Electric by 7.0% in the 2nd quarter. Cozad Asset Management Inc. now owns 4,098 shares of the industrial products company’s stock valued at $451,000 after acquiring an additional 267 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its position in shares of Emerson Electric by 7.1% during the 2nd quarter. Simon Quick Advisors LLC now owns 2,041 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.