Emerson Electric (NYSE:EMR - Free Report) had its target price decreased by Citigroup from $132.00 to $119.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a buy rating on the industrial products company's stock.
A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Barclays dropped their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Two equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.
Check Out Our Latest Research Report on EMR
Emerson Electric Trading Up 0.9 %
NYSE:EMR traded up $0.88 on Monday, reaching $99.55. The company's stock had a trading volume of 2,878,399 shares, compared to its average volume of 2,917,735. The stock has a 50 day moving average price of $111.55 and a 200 day moving average price of $118.95. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly 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%. On average, equities analysts anticipate that Emerson Electric will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the fourth quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 74.30% of the company's stock.
About Emerson Electric
(
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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.
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