Emerson Electric (NYSE:EMR) had its price objective raised by Morgan Stanley from $75.00 to $82.00 in a report published on Wednesday morning, Stock Target Advisor reports. Morgan Stanley currently has an overweight rating on the industrial products company’s stock.

Several other research firms also recently weighed in on EMR. Zacks Investment Research downgraded shares of Emerson Electric from a hold rating to a sell rating and set a $69.00 target price for the company. in a report on Tuesday, July 23rd. Wolfe Research set a $72.00 target price on shares of Emerson Electric and gave the company a buy rating in a report on Thursday, September 26th. Citigroup dropped their target price on shares of Emerson Electric from $79.00 to $77.00 and set a buy rating for the company in a report on Tuesday, July 30th. ValuEngine upgraded shares of Emerson Electric from a hold rating to a buy rating in a report on Wednesday. Finally, Deutsche Bank dropped their target price on shares of Emerson Electric from $74.00 to $73.00 and set a buy rating for the company in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $73.00.

Shares of NYSE EMR opened at $73.88 on Wednesday. The company has a 50 day simple moving average of $67.96 and a 200-day simple moving average of $64.99. The company has a market capitalization of $45.39 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.85. Emerson Electric has a 1 year low of $55.38 and a 1 year high of $75.54.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts expect that Emerson Electric will post 3.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.00 annualized dividend and a yield of 2.71%. Emerson Electric’s dividend payout ratio is presently 53.12%.

Hedge funds have recently modified their holdings of the business. Gradient Investments LLC boosted its position in Emerson Electric by 164.4% in the 3rd quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock valued at $26,000 after buying an additional 240 shares during the period. Ellevest Inc. boosted its position in Emerson Electric by 110.0% in the 2nd quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock valued at $28,000 after buying an additional 220 shares during the period. Larson Financial Group LLC boosted its position in Emerson Electric by 80.3% in the 2nd quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after buying an additional 196 shares during the period. Garrett Wealth Advisory Group LLC purchased a new position in Emerson Electric in the 3rd quarter valued at approximately $31,000. Finally, Massey Quick Simon & CO. LLC boosted its position in Emerson Electric by 1,823.1% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock valued at $33,000 after buying an additional 474 shares during the period. 70.32% of the stock is owned by institutional investors.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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