Emerson Electric (EMR) PT Lowered to $78.00 at Robert W. Baird

Emerson Electric (NYSE:EMR) had its target price cut by Robert W. Baird from $80.00 to $78.00 in a research report released on Monday. They currently have a neutral rating on the industrial products company’s stock.

Several other research analysts have also recently weighed in on EMR. Zacks Investment Research cut shares of Emerson Electric from a buy rating to a hold rating in a research report on Monday, July 16th. ValuEngine cut shares of Emerson Electric from a buy rating to a hold rating in a research report on Tuesday, July 24th. Barclays upped their target price on shares of Emerson Electric from $80.00 to $85.00 and gave the company an overweight rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $79.00 to $82.00 and gave the company an overweight rating in a research report on Friday, August 10th. Finally, Argus upped their target price on shares of Emerson Electric from $81.00 to $83.00 and gave the company a buy rating in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $78.41.

EMR stock opened at $67.40 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.78. Emerson Electric has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The company has a market capitalization of $42.11 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.04 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that Emerson Electric will post 3.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be given a $0.49 dividend. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio is currently 57.40%.

In related news, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the sale, the president now owns 176,477 shares in the company, valued at approximately $13,429,899.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake in Emerson Electric by 24.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,716 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 1,105 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Emerson Electric by 11.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 147,603 shares of the industrial products company’s stock worth $10,205,000 after purchasing an additional 15,294 shares during the period. Legacy Private Trust Co. acquired a new position in Emerson Electric in the 2nd quarter worth $214,000. Bank of Montreal Can acquired a new position in Emerson Electric in the 2nd quarter worth $144,788,000. Finally, Ronna Sue Cohen boosted its stake in Emerson Electric by 199.2% in the 2nd quarter. Ronna Sue Cohen now owns 66,100 shares of the industrial products company’s stock worth $3,941,000 after purchasing an additional 44,007 shares during the period. Institutional investors and hedge funds own 70.17% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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