StockNews.com Upgrades Emerson Electric (NYSE:EMR) to “Buy”

StockNews.com upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a research note released on Friday.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Oppenheimer lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company upped their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Trading Up 2.1 %

Shares of NYSE EMR opened at $132.79 on Friday. Emerson Electric has a twelve month low of $87.55 and a twelve month high of $133.54. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $114.63 and a two-hundred day simple moving average of $110.88. The firm has a market cap of $75.72 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Institutional Trading of Emerson Electric

A number of institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $29,000. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $31,000. Frazier Financial Advisors LLC acquired a new position in Emerson Electric in the third quarter valued at approximately $33,000. Finally, Meeder Asset Management Inc. grew its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. 74.30% of the stock is 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.