Emerson Electric (NYSE:EMR) Reaches New 1-Year High After Analyst Upgrade

Shares of Emerson Electric Co. (NYSE:EMR - Get Free Report) hit a new 52-week high on Wednesday after Barclays raised their price target on the stock from $118.00 to $125.00. Barclays currently has an underweight rating on the stock. Emerson Electric traded as high as $139.91 and last traded at $139.82, with a volume of 1928337 shares. The stock had previously closed at $138.73.

A number of other research firms have also weighed in on EMR. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird reduced their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday. Royal Bank Of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.83.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Emerson Electric

Several large investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Emerson Electric during the first quarter valued at about $25,000. Vega Investment Solutions bought a new stake in Emerson Electric during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the 1st quarter valued at about $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the 4th quarter valued at about $28,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.4%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a 50-day moving average of $125.11 and a two-hundred day moving average of $119.00. The company has a market cap of $78.79 billion, a P/E ratio of 33.51, a P/E/G ratio of 2.73 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. On average, research analysts anticipate that Emerson Electric Co. 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 Tuesday, June 10th. Shareholders of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.51%. Emerson Electric's payout ratio is currently 50.48%.

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.