Emerson Electric (NYSE:EMR) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Emerson Electric (NYSE:EMR) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $132.00 target price on the industrial products company’s stock.

Several other research firms have also issued reports on EMR. Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $135.00 to $110.00 in a research note on Monday, March 10th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Trading Up 0.4 %

Shares of EMR stock opened at $112.28 on Monday. The stock has a market cap of $63.31 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $121.86 and a 200 day simple moving average of $119.02.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB increased its holdings in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Larson Financial Group LLC boosted its stake in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Howland Capital Management LLC raised its holdings in shares of Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after purchasing an additional 3,054 shares during the period. 74.30% of the stock is owned by institutional investors.

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.