Emerson Electric (NYSE:EMR) Given New $119.00 Price Target at Citigroup

Emerson Electric (NYSE:EMR) had its price objective cut by Citigroup from $132.00 to $119.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other equities analysts have also commented on the company. KeyCorp cut their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their target price on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $131.67.

Emerson Electric Price Performance

Shares of EMR stock opened at $100.91 on Monday. The stock has a 50 day moving average price of $113.69 and a 200 day moving average price of $119.36. The firm has a market capitalization of $56.90 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric has a 52-week low of $90.06 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, sell-side analysts predict that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.09%. Emerson Electric’s payout ratio is currently 50.36%.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Orion Capital Management LLC purchased a new position in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $27,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.