Emerson Electric (NYSE:EMR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research note released on Thursday.

EMR has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays upped their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada cut their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Down 1.7 %

Shares of NYSE EMR opened at $126.78 on Thursday. The firm’s 50-day simple moving average is $111.14 and its 200 day simple moving average is $110.00. The company has a market cap of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a 12-month low of $87.17 and a 12-month high of $131.56.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. Emerson Electric’s dividend payout ratio (DPR) is currently 61.40%.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Hedge funds have recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Emerson Electric by 1.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 18,028 shares of the industrial products company’s stock valued at $2,045,000 after purchasing an additional 292 shares during the last quarter. Banco Santander S.A. raised its holdings in Emerson Electric by 2.0% in the 1st quarter. Banco Santander S.A. now owns 11,635 shares of the industrial products company’s stock valued at $1,320,000 after acquiring an additional 223 shares during the period. Mizuho Markets Americas LLC lifted its position in Emerson Electric by 112.4% during the first quarter. Mizuho Markets Americas LLC now owns 105,877 shares of the industrial products company’s stock worth $12,009,000 after acquiring an additional 56,032 shares during the last quarter. First Foundation Advisors lifted its position in Emerson Electric by 11.4% during the first quarter. First Foundation Advisors now owns 5,075 shares of the industrial products company’s stock worth $576,000 after acquiring an additional 521 shares during the last quarter. Finally, Nicolet Advisory Services LLC lifted its position in Emerson Electric by 20.5% during the first quarter. Nicolet Advisory Services LLC now owns 3,361 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 572 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.