Emerson Electric (NYSE:EMR) Upgraded to “Buy” by Vertical Research

Vertical Research upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a buy rating in a report published on Friday, MarketBeat Ratings reports. They currently have $120.00 price target on the industrial products company’s stock.

A number of other analysts have also recently weighed in on the company. Mizuho increased their price objective on Emerson Electric from $90.00 to $95.00 and gave the stock a neutral rating in a research report on Thursday, August 3rd. Royal Bank of Canada increased their price target on Emerson Electric from $103.00 to $111.00 and gave the stock an outperform rating in a report on Thursday, August 3rd. Stephens restated an overweight rating and set a $120.00 price objective on shares of Emerson Electric in a research report on Monday, August 7th. HSBC raised shares of Emerson Electric from a hold rating to a buy rating and lifted their target price for the company from $79.00 to $100.00 in a report on Wednesday, June 14th. Finally, Barclays initiated coverage on shares of Emerson Electric in a research report on Monday, August 28th. They issued an equal weight rating and a $105.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric has an average rating of Moderate Buy and a consensus target price of $105.67.

Emerson Electric Stock Performance

Shares of EMR opened at $99.63 on Friday. The company’s 50 day simple moving average is $95.35 and its 200-day simple moving average is $88.21. The firm has a market cap of $57.18 billion, a PE ratio of 4.36, a price-to-earnings-growth ratio of 2.31 and a beta of 1.39. Emerson Electric has a 12-month low of $72.40 and a 12-month high of $100.62. The company has a current ratio of 2.38, a quick ratio of 2.07 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.20. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. As a group, equities analysts predict that Emerson Electric will post 4.44 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, August 10th. Emerson Electric’s dividend payout ratio (DPR) is presently 9.09%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of Emerson Electric stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the transaction, the chief marketing officer now owns 11,870 shares in the company, valued at $1,161,598.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Lisa Flavin sold 48,718 shares of Emerson Electric stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the sale, the vice president now owns 51,748 shares in the company, valued at approximately $4,639,208.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the transaction, the chief marketing officer now owns 11,870 shares in the company, valued at $1,161,598.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently modified their holdings of EMR. Bank Julius Baer & Co. Ltd Zurich grew its stake in Emerson Electric by 94,950.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,464,073 shares of the industrial products company’s stock worth $8,719,388,000 after acquiring an additional 96,362,586 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after purchasing an additional 54,365,954 shares during the last quarter. State Street Corp lifted its position in Emerson Electric by 0.3% during the second quarter. State Street Corp now owns 24,568,180 shares of the industrial products company’s stock worth $2,220,718,000 after buying an additional 64,875 shares during the period. Morgan Stanley boosted its stake in Emerson Electric by 28.4% in the 4th quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after buying an additional 2,621,089 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Emerson Electric by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,698,627 shares of the industrial products company’s stock valued at $1,027,710,000 after buying an additional 50,408 shares during the period. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.