Emerson Electric (NYSE:EMR) Raised to “Strong-Buy” at Daiwa America

Daiwa America upgraded shares of Emerson Electric (NYSE:EMR) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price target on the stock. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, Wells Fargo & Company reduced their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Stock Performance

NYSE EMR opened at $128.92 on Tuesday. The firm has a market cap of $73.42 billion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $127.10 and a 200-day moving average price of $116.19. Emerson Electric has a twelve month low of $91.64 and a twelve month high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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 owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its position in shares of Emerson Electric by 5.5% in the 4th quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company’s stock worth $21,260,000 after acquiring an additional 8,971 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in Emerson Electric by 5.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 130 shares in the last quarter. Buckhead Capital Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at about $2,126,000. SFE Investment Counsel grew its position in shares of Emerson Electric by 4.0% in the 4th quarter. SFE Investment Counsel now owns 6,005 shares of the industrial products company’s stock worth $744,000 after buying an additional 230 shares during the last quarter. Finally, G&S Capital LLC raised its stake in shares of Emerson Electric by 3.5% during the 4th quarter. G&S Capital LLC now owns 6,642 shares of the industrial products company’s stock worth $823,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other 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.