Emerson Electric (NYSE:EMR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Other equities research analysts have also recently issued reports about the company. KeyCorp lifted their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One equities research 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 stock has an average rating of “Moderate Buy” and an average target price of $133.17.

Emerson Electric Trading Down 1.0 %

Shares of EMR stock opened at $129.18 on Friday. Emerson Electric has a 12-month low of $89.17 and a 12-month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $119.93 and its 200-day moving average price is $112.19. The stock has a market capitalization of $73.57 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. Emerson Electric’s payout ratio is presently 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently bought and sold shares of EMR. Capital Performance Advisors LLP bought a new position in Emerson Electric in the third quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the third quarter worth approximately $29,000. Meeder Asset Management Inc. raised its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the third quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter worth $33,000. 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.