Emerson Electric (NYSE:EMR) Price Target Raised to $140.00 at KeyCorp

Emerson Electric (NYSE:EMR) had its target price lifted by KeyCorp from $125.00 to $140.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other equities research analysts also recently commented on the company. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Oppenheimer upped their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Price Performance

Emerson Electric stock opened at $127.26 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $72.88 billion, a P/E ratio of 37.21, a PEG ratio of 1.94 and a beta of 1.30. The firm has a fifty day moving average of $108.39 and a 200-day moving average of $109.30. Emerson Electric has a 52-week low of $85.00 and a 52-week high of $128.56.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period last year, the company posted $1.29 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. Emerson Electric’s dividend payout ratio (DPR) is 61.40%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Newport Trust Company LLC acquired a new position in Emerson Electric during the 2nd quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC boosted its holdings in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after acquiring an additional 2,051,764 shares during the period. Van ECK Associates Corp grew its position in shares of Emerson Electric by 107.2% during the third 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. Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% in 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 during the period. Finally, Perpetual Ltd boosted its stake in Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after purchasing an additional 1,204,058 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.