Emerson Electric (NYSE:EMR) Given New $165.00 Price Target at Citigroup

Emerson Electric (NYSE:EMR) had its target price upped by Citigroup from $146.00 to $165.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on EMR. JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Barclays lifted their price target on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 9th. Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.89.

Emerson Electric Stock Down 0.1%

EMR stock opened at $139.93 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $142.32. The firm’s 50-day simple moving average is $125.75 and its 200 day simple moving average is $118.99. The stock has a market cap of $78.71 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same quarter last year, the company earned $1.36 EPS. Emerson Electric’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.51%. Emerson Electric’s dividend payout ratio is 50.48%.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in shares of Emerson Electric in the 1st quarter valued at approximately $25,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the 1st quarter valued at approximately $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $28,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

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.