Emerson Electric (NYSE:EMR) Given New $140.00 Price Target at Wells Fargo & Company

Emerson Electric (NYSE:EMR) had its price target cut by Wells Fargo & Company from $145.00 to $140.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other research analysts also recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. Barclays raised their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Trading Down 1.2 %

NYSE:EMR opened at $120.62 on Tuesday. The stock has a fifty day simple moving average of $126.43 and a 200 day simple moving average of $114.62. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $68.70 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. Emerson Electric has a 1-year low of $91.64 and a 1-year high of $134.85.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently bought and sold shares of the stock. Savant Capital LLC raised its holdings in Emerson Electric by 1.5% in the 2nd quarter. Savant Capital LLC now owns 16,670 shares of the industrial products company’s stock valued at $1,836,000 after acquiring an additional 254 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Emerson Electric by 188.3% during the second quarter. Los Angeles Capital Management LLC now owns 8,416 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 5,497 shares in the last quarter. Norden Group LLC grew its holdings in shares of Emerson Electric by 8.5% in the 2nd quarter. Norden Group LLC now owns 2,206 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 172 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth about $2,043,000. Finally, First Foundation Advisors boosted its position in Emerson Electric by 20.6% in the second quarter. First Foundation Advisors now owns 6,119 shares of the industrial products company’s stock valued at $674,000 after buying an additional 1,044 shares in the last quarter. 74.30% of the stock is currently 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.