Emerson Electric (NYSE:EMR) Price Target Lowered to $138.00 at Royal Bank of Canada

Emerson Electric (NYSE:EMR) had its target price trimmed by Royal Bank of Canada from $139.00 to $138.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. KeyCorp boosted their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Stock Performance

Shares of EMR stock traded down $1.15 on Wednesday, hitting $125.71. The company’s stock had a trading volume of 1,029,384 shares, compared to its average volume of 2,720,509. Emerson Electric has a fifty-two week low of $84.61 and a fifty-two week high of $127.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock’s 50 day moving average is $107.50 and its 200-day moving average is $109.05. The company has a market capitalization of $71.99 billion, a PE ratio of 42.57, a PEG ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.68%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 70.47%.

Institutional Trading of Emerson Electric

A number of hedge funds have recently bought and sold shares of EMR. Newport Trust Company LLC purchased a new position in Emerson Electric in the second quarter valued at about $574,908,000. Legal & General Group Plc lifted its position in shares of Emerson Electric by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after buying an additional 224,784 shares during the last quarter. Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Emerson Electric by 3.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after purchasing an additional 88,294 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. 74.30% of the stock is currently owned by 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.