Barclays Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its target price reduced by Barclays from $110.00 to $105.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

Several other analysts also recently issued reports on EMR. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. KeyCorp boosted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $135.94.

Emerson Electric Price Performance

NYSE EMR opened at $113.60 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a market cap of $64.06 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.49 and a beta of 1.36. The company’s 50 day moving average is $121.30 and its two-hundred day moving average is $119.46.

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 net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid 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 dividend yield of 1.86%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Consulting LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new position in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter valued at $27,000. Vega Investment Solutions purchased a new position in Emerson Electric in the 4th quarter worth about $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $28,000. 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.