Emerson Electric (NYSE:EMR) Price Target Raised to $159.00 at Deutsche Bank Aktiengesellschaft

Emerson Electric (NYSE:EMR) had its price objective raised by Deutsche Bank Aktiengesellschaft from $157.00 to $159.00 in a report issued on Thursday,MarketScreener reports. The firm currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Stephens upped their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. KeyCorp upped their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Citigroup upped their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.88.

Emerson Electric Trading Up 1.3%

Shares of Emerson Electric stock opened at $132.90 on Thursday. The stock has a fifty day simple moving average of $134.43 and a 200 day simple moving average of $124.39. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a market capitalization of $74.79 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of the business. Impact Capital Partners LLC lifted its stake in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 71 shares during the period. Jag Capital Management LLC lifted its stake in shares of Emerson Electric by 1.9% in the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 72 shares during the period. Beacon Financial Advisory LLC raised its stake in Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after buying an additional 77 shares during the last quarter. Finally, Petros Family Wealth LLC raised its stake in Emerson Electric by 0.9% during the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after buying an additional 80 shares during the last quarter. 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.