JPMorgan Chase & Co. upgraded shares of Emerson Electric (NYSE:EMR) from a neutral rating to an overweight rating in a research note published on Friday morning, MarketBeat reports.

EMR has been the subject of several other reports. Edward Jones cut Emerson Electric from a buy rating to a hold rating in a report on Friday, November 17th. Stifel Nicolaus restated a buy rating on shares of Emerson Electric in a report on Thursday, October 12th. Cowen upgraded Emerson Electric to a buy rating and set a $71.00 target price for the company in a report on Monday, October 23rd. JMP Securities cut Emerson Electric from an outperform rating to a market perform rating and dropped their target price for the company from $74.45 to $56.77 in a report on Thursday, February 1st. Finally, Robert W. Baird increased their target price on Emerson Electric from $70.00 to $76.00 and gave the company a neutral rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $67.65.

Emerson Electric (NYSE EMR) opened at $69.07 on Friday. Emerson Electric has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $43,848.23, a PE ratio of 25.87, a PEG ratio of 2.38 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. research analysts anticipate that Emerson Electric will post 3.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, February 15th. Emerson Electric’s payout ratio is 78.23%.

In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.74, for a total value of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock valued at $1,771,129 in the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMR. Tower Research Capital LLC TRC bought a new position in Emerson Electric during the 2nd quarter valued at approximately $109,000. Intellectus Partners LLC raised its position in shares of Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric in the 2nd quarter worth approximately $129,000. Cerebellum GP LLC bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $129,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $146,000. 69.44% of the stock is owned by institutional investors and hedge funds.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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