Emerson Electric (NYSE:EMR) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a report issued on Monday.

A number of other brokerages have also issued reports on EMR. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $110.87 on Monday. The stock has a fifty day moving average price of $122.86 and a two-hundred day moving average price of $118.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $62.52 billion, a P/E ratio of 26.46, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.90%. Emerson Electric’s dividend payout ratio is 50.36%.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the company. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter worth $25,000. 74.30% of the stock is currently 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.