Emerson Electric (NYSE:EMR) PT Raised to $82.00

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Emerson Electric (NYSE:EMR) had its price target upped by Morgan Stanley from $75.00 to $82.00 in a research note published on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the industrial products company’s stock.

EMR has been the topic of a number of other reports. Credit Suisse Group boosted their price target on shares of Emerson Electric from $73.00 to $80.00 and gave the stock an outperform rating in a research note on Wednesday. Barclays dropped their price target on shares of Emerson Electric from $65.00 to $64.00 and set an equal weight rating on the stock in a research note on Monday, September 30th. Cfra lowered shares of Emerson Electric from a buy rating to a hold rating in a research note on Tuesday. Royal Bank of Canada upgraded shares of Emerson Electric from a sector perform rating to an outperform rating and boosted their price target for the stock from $65.00 to $77.00 in a research note on Monday, September 30th. Finally, Cowen lowered shares of Emerson Electric from an outperform rating to a market perform rating and set a $72.00 price target on the stock. in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $73.00.

NYSE EMR opened at $73.88 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 1.19. The firm has a market cap of $45.39 billion, a PE ratio of 20.02, a P/E/G ratio of 2.52 and a beta of 1.37. Emerson Electric has a one year low of $55.38 and a one year high of $75.54. The firm’s fifty day moving average is $67.96 and its two-hundred day moving average is $64.99.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period in the previous year, the business posted $0.89 earnings per share. Emerson Electric’s quarterly revenue was up 1.7% on a year-over-year basis. Research analysts predict that Emerson Electric will post 3.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, November 14th. Emerson Electric’s dividend payout ratio is currently 53.12%.

Hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC boosted its holdings in Emerson Electric by 164.4% during the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after buying an additional 240 shares in the last quarter. Ellevest Inc. boosted its holdings in Emerson Electric by 110.0% during the second quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after buying an additional 220 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Emerson Electric by 80.3% during the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after buying an additional 196 shares in the last quarter. Garrett Wealth Advisory Group LLC purchased a new stake in Emerson Electric during the third quarter worth about $31,000. Finally, Massey Quick Simon & CO. LLC boosted its holdings in Emerson Electric by 1,823.1% during the third quarter. Massey Quick Simon & CO. LLC now owns 500 shares of the industrial products company’s stock worth $33,000 after buying an additional 474 shares in the last quarter. 70.32% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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