Emerson Electric (NYSE:EMR) Price Target Raised to $140.00 at Deutsche Bank Aktiengesellschaft

Emerson Electric (NYSE:EMR) had its target price boosted by Deutsche Bank Aktiengesellschaft from $136.00 to $140.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Royal Bank of Canada dropped their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company decreased their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded down $1.12 during trading on Wednesday, reaching $125.74. The company’s stock had a trading volume of 520,882 shares, compared to its average volume of 2,718,155. The business’s fifty day moving average price is $107.50 and its 200-day moving average price is $109.05. Emerson Electric has a one year low of $84.61 and a one year high of $127.74. The firm has a market cap of $72.01 billion, a price-to-earnings ratio of 42.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric will post 5.48 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.68%. Emerson Electric’s payout ratio is currently 70.47%.

Institutional Trading of Emerson Electric

A number of institutional investors have recently modified their holdings of the company. Newport Trust Company LLC bought a new position in Emerson Electric in the second quarter valued at $574,908,000. Legal & General Group Plc lifted its position in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock worth $496,877,000 after acquiring an additional 224,784 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Emerson Electric by 3.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after acquiring an additional 88,294 shares during the period. Finally, Swedbank AB boosted its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after acquiring 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.