Emerson Electric (NYSE:EMR) Upgraded at StockNews.com

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a report published on Friday morning.

Several other research analysts have also recently issued reports on the stock. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Finally, KeyCorp increased their price objective on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Price Performance

Emerson Electric stock opened at $130.07 on Friday. The stock has a market cap of $74.17 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The firm has a 50-day moving average of $114.02 and a two-hundred day moving average of $110.75. Emerson Electric has a 1 year low of $87.55 and a 1 year high of $131.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. 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 dividend on an annualized basis and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $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. 0.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EMR. Thrive Wealth Management LLC lifted its position in shares of Emerson Electric by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 91 shares in the last quarter. LCM Capital Management Inc boosted its stake in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO grew its holdings in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after buying an additional 93 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after buying an additional 94 shares in the last quarter. Finally, Unison Advisors LLC boosted its position in Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after acquiring an additional 96 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.