Emerson Electric (NYSE:EMR) Price Target Cut to $119.00 by Analysts at Citigroup

Emerson Electric (NYSE:EMR) had its price objective trimmed by Citigroup from $132.00 to $119.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other analysts also recently issued reports on EMR. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Barclays reduced their price target on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. KeyCorp reduced their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Stock Down 1.7 %

NYSE:EMR opened at $98.74 on Monday. The stock has a market cap of $55.68 billion, a price-to-earnings ratio of 23.57, 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 stock has a 50-day moving average price of $112.64 and a two-hundred day moving average price of $119.09. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $134.85.

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, topping 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%. As a group, equities analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.14%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Institutional Investors Weigh In On Emerson Electric

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Emerson Electric by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock valued at $6,634,837,000 after purchasing an additional 384,313 shares during the period. Geode Capital Management LLC boosted 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 valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Norges Bank bought a new position in Emerson Electric during the fourth quarter worth about $885,886,000. Nordea Investment Management AB raised 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 worth $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings 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 valued at $827,377,000 after purchasing an additional 370,560 shares during the period. Institutional investors 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.