Emerson Electric (NYSE:EMR) had its target price upped by Barclays from $80.00 to $85.00 in a research report released on Thursday morning. Barclays currently has an overweight rating on the industrial products company’s stock.

Several other brokerages have also issued reports on EMR. Zacks Investment Research upgraded Emerson Electric from a hold rating to a buy rating and set a $80.00 price target on the stock in a research note on Monday, August 6th. Cowen reiterated a buy rating and issued a $78.00 price target on shares of Emerson Electric in a research note on Wednesday, April 18th. ValuEngine lowered Emerson Electric from a buy rating to a hold rating in a research note on Wednesday, June 20th. Berenberg Bank upgraded Emerson Electric from a sell rating to a hold rating and set a $69.00 price target on the stock in a research note on Tuesday, April 24th. They noted that the move was a valuation call. Finally, Deutsche Bank set a $81.00 price target on Emerson Electric and gave the company a buy rating in a research note on Thursday, July 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $74.94.

Emerson Electric stock traded down $0.19 during mid-day trading on Thursday, reaching $73.86. 3,101,064 shares of the company were exchanged, compared to its average volume of 2,748,434. Emerson Electric has a 12 month low of $57.47 and a 12 month high of $75.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.98. The firm has a market cap of $46.54 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.13.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. sell-side analysts expect that Emerson Electric will post 3.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 17th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 73.48%.

In related news, insider Michael H. Train sold 24,166 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $71.46, for a total transaction of $1,726,902.36. Following the sale, the insider now owns 121,626 shares of the company’s stock, valued at approximately $8,691,393.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC lifted its holdings in Emerson Electric by 64.4% during the 1st quarter. Global X Management Co. LLC now owns 84,492 shares of the industrial products company’s stock worth $5,771,000 after buying an additional 33,091 shares during the period. Ashfield Capital Partners LLC lifted its holdings in Emerson Electric by 11.6% during the 1st quarter. Ashfield Capital Partners LLC now owns 11,570 shares of the industrial products company’s stock worth $790,000 after buying an additional 1,200 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in Emerson Electric by 8.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 32,805 shares of the industrial products company’s stock worth $2,240,000 after buying an additional 2,481 shares during the period. Tower Bridge Advisors lifted its holdings in Emerson Electric by 15.0% during the 1st quarter. Tower Bridge Advisors now owns 97,851 shares of the industrial products company’s stock worth $6,683,000 after buying an additional 12,740 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in Emerson Electric by 76.6% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 54,134 shares of the industrial products company’s stock worth $3,628,000 after buying an additional 23,483 shares during the period. 69.80% of the stock is currently owned by institutional investors.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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