Emerson Electric (NYSE:EMR) Price Target Raised to $137.00

Emerson Electric (NYSE:EMR) had its price objective hoisted by Wells Fargo & Company from $133.00 to $137.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also issued reports on EMR. Barclays upped their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an equal weight rating in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a hold rating to a buy rating and lifted their price target for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. StockNews.com cut Emerson Electric from a buy rating to a hold rating in a research note on Friday, May 17th. Bank of America upped their price target on Emerson Electric from $120.00 to $130.00 and gave the company a buy rating in a research note on Monday, March 4th. Finally, Berenberg Bank boosted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a buy rating in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of Moderate Buy and an average price target of $122.76.

Emerson Electric Stock Performance

EMR opened at $110.16 on Wednesday. The firm has a market capitalization of $63.02 billion, a PE ratio of 5.89, a PEG ratio of 1.77 and a beta of 1.33. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric has a twelve month low of $83.10 and a twelve month high of $116.76. The firm’s 50-day moving average price is $110.00 and its 200 day moving average price is $105.59.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, May 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

Institutional Trading of Emerson Electric

Several hedge funds have recently added to or reduced their stakes in EMR. Tobam lifted its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $29,000. Security National Bank acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $29,000. Cape Investment Advisory Inc. lifted its stake in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Emerson Electric in the first quarter valued at approximately $31,000. 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.