Emerson Electric (NYSE:EMR) PT Raised to $137.00 at Wells Fargo & Company

Emerson Electric (NYSE:EMR) had its target price increased by Wells Fargo & Company from $133.00 to $137.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

A number of other brokerages have also commented on EMR. Barclays raised their price target on Emerson Electric from $105.00 to $110.00 and gave the company an equal weight rating in a report on Friday, May 10th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a neutral rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a hold rating to a buy rating and increased their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Mizuho upped their target price on Emerson Electric from $130.00 to $135.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Finally, Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $122.76.

Emerson Electric Stock Performance

Shares of EMR opened at $110.16 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric has a 1 year low of $83.10 and a 1 year high of $116.76. The firm has a fifty day moving average of $110.00 and a 200-day moving average of $105.59. The company has a market cap of $63.02 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 1.77 and a beta of 1.33.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business earned $1.09 earnings per share. Emerson Electric’s revenue was up 16.5% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

Institutional Trading of Emerson Electric

Several large investors have recently added to or reduced their stakes in the company. PFG Advisors raised its position in Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after buying an additional 96 shares during the period. Lake Street Private Wealth LLC lifted its position in shares of Emerson Electric by 2.3% in the first quarter. Lake Street Private Wealth LLC now owns 4,412 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 99 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Emerson Electric by 1.7% during the first quarter. Harbour Capital Advisors LLC now owns 6,136 shares of the industrial products company’s stock worth $695,000 after purchasing an additional 100 shares during the period. Financial Advocates Investment Management increased its stake in Emerson Electric by 1.0% in the 4th quarter. Financial Advocates Investment Management now owns 10,208 shares of the industrial products company’s stock valued at $994,000 after buying an additional 101 shares during the period. Finally, Manchester Capital Management LLC lifted its position in Emerson Electric by 1.3% in the 1st quarter. Manchester Capital Management LLC now owns 7,992 shares of the industrial products company’s stock worth $906,000 after buying an additional 102 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.