Emerson Electric (NYSE:EMR) Price Target Lowered to $153.00 at Royal Bank Of Canada

Emerson Electric (NYSE:EMR) had its target price reduced by Royal Bank Of Canada from $155.00 to $153.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other equities analysts also recently issued reports on the stock. Barclays raised their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday. Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.61.

Emerson Electric Stock Down 1.7%

NYSE:EMR traded down $2.22 during trading hours on Thursday, reaching $129.27. 4,630,954 shares of the company traded hands, compared to its average volume of 3,088,752. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $132.42 and its two-hundred day moving average price is $129.33. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a market capitalization of $72.75 billion, a P/E ratio of 27.80, a P/E/G ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion for the quarter. Analysts predict that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a yield of 1.7%. Emerson Electric’s payout ratio is presently 45.38%.

Institutional Trading of Emerson Electric

Several institutional investors have recently added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in Emerson Electric during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Emerson Electric during the first quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at approximately $29,000. Winnow Wealth LLC purchased a new position in Emerson Electric during the 2nd quarter worth $34,000. Finally, PFS Partners LLC raised its position in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

About Emerson Electric

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.