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

StockNews.com cut shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other equities research analysts also recently issued reports on EMR. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays reduced their price target on shares of Emerson Electric from $105.00 to $99.00 and set an “underweight” rating on the stock in a research report on Thursday. Citigroup assumed coverage on shares of Emerson Electric in a research note on Monday, March 17th. They issued a “buy” rating and a $132.00 target price on the stock. Finally, Wells Fargo & Company upped 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 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.39.

Emerson Electric Stock Up 0.6 %

EMR opened at $100.33 on Friday. The stock has a market capitalization of $56.57 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business has a 50-day moving average of $114.17 and a two-hundred day moving average of $119.34.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, research analysts expect 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 dividend yield of 2.10%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors have recently modified their holdings of EMR. Wilmington Savings Fund Society FSB boosted its holdings in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares during the period. Stokes Family Office LLC grew its position in shares of Emerson Electric by 94.8% during the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares during the period. World Investment Advisors lifted its holdings in Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after acquiring an additional 6,079 shares during the last quarter. Finally, Howland Capital Management LLC grew its holdings in shares of Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after purchasing an additional 3,054 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

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.