Robert W. Baird Boosts Emerson Electric (NYSE:EMR) Price Target to $118.00

Emerson Electric (NYSE:EMR) had its target price hoisted by Robert W. Baird from $117.00 to $118.00 in a research note published on Monday, Marketbeat Ratings reports. They currently have a neutral rating on the industrial products company’s stock.

Several other analysts have also issued reports on the stock. Barclays cut their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company decreased their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. cut 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. Finally, Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a 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 issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Trading Up 0.3 %

NYSE:EMR opened at $127.19 on Monday. The company has a 50 day simple moving average of $107.50 and a two-hundred day simple moving average of $109.05. The company has a market cap of $72.84 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric has a 12 month low of $84.61 and a 12 month high of $127.74.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Research analysts forecast that Emerson Electric will post 5.48 earnings per share for the current year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. 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

Several hedge funds have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its stake in Emerson Electric by 20.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,412 shares of the industrial products company’s stock valued at $1,248,000 after purchasing an additional 1,970 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Emerson Electric by 89.0% in the 3rd quarter. Prospera Financial Services Inc now owns 61,974 shares of the industrial products company’s stock valued at $6,781,000 after acquiring an additional 29,179 shares during the last quarter. OneAscent Financial Services LLC bought a new stake in Emerson Electric during the third quarter worth approximately $312,000. Meeder Advisory Services Inc. raised its position in Emerson Electric by 1.2% during the third quarter. Meeder Advisory Services Inc. now owns 14,871 shares of the industrial products company’s stock valued at $1,626,000 after purchasing an additional 178 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Emerson Electric in the 3rd quarter worth approximately $44,000. 74.30% of the stock is owned by hedge funds and other 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.