Emerson Electric (NYSE:EMR) Downgraded to “Equal Weight” at Stephens

Stephens downgraded shares of Emerson Electric (NYSE:EMR) from an overweight rating to an equal weight rating in a research note released on Wednesday morning, MarketBeat reports. They currently have $120.00 target price on the industrial products company’s stock, down from their previous target price of $135.00.

Several other equities analysts also recently weighed in on the company. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Wells Fargo & Company lowered their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Redburn Atlantic began coverage on shares of Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Price Performance

Emerson Electric stock opened at $110.59 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $63.27 billion, a P/E ratio of 5.92, a PEG ratio of 1.70 and a beta of 1.30. The company has a 50-day moving average price of $105.41 and a 200 day moving average price of $109.22. Emerson Electric has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Emerson Electric’s payout ratio is currently 11.24%.

Institutional Trading of Emerson Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Trust Co. of Vermont increased its holdings in shares of Emerson Electric by 5.2% in the 3rd quarter. Trust Co. of Vermont now owns 147,975 shares of the industrial products company’s stock valued at $16,184,000 after acquiring an additional 7,298 shares during the period. Cardinal Capital Management increased its holdings in shares of Emerson Electric by 1.7% in the 3rd quarter. Cardinal Capital Management now owns 85,591 shares of the industrial products company’s stock valued at $9,361,000 after acquiring an additional 1,424 shares during the period. Teamwork Financial Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $3,275,000. Buffington Mohr McNeal acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $221,000. Finally, Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Emerson Electric by 3.8% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,008 shares of the industrial products company’s stock valued at $2,079,000 after acquiring an additional 692 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Company Profile

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.