Emerson Electric (NYSE:EMR) Given Equal Weight Rating at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of Emerson Electric (NYSE:EMR) in a report issued on Monday, Marketbeat.com reports. The brokerage currently has a $140.00 price target on the industrial products company’s stock, down from their previous price target of $150.00.

A number of other research analysts have also recently commented on EMR. Stephens increased their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. KeyCorp boosted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets increased their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.29.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $134.82 on Monday. The company’s 50 day simple moving average is $133.84 and its 200 day simple moving average is $124.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a market capitalization of $75.88 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the company posted $1.43 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is 45.38%.

Institutional Trading of Emerson Electric

A number of institutional investors have recently bought and sold shares of EMR. Brighton Jones LLC grew its stake in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the period. Wedmont Private Capital boosted its holdings in shares of Emerson Electric by 5.6% during the 1st quarter. Wedmont Private Capital now owns 5,621 shares of the industrial products company’s stock worth $565,000 after buying an additional 297 shares in the last quarter. City Center Advisors LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $218,000. Capital Investment Advisors LLC increased its stake in shares of Emerson Electric by 0.5% in the 1st quarter. Capital Investment Advisors LLC now owns 23,163 shares of the industrial products company’s stock valued at $2,540,000 after acquiring an additional 125 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Emerson Electric by 2.6% during the 1st quarter. Wesbanco Bank Inc. now owns 29,691 shares of the industrial products company’s stock valued at $3,255,000 after acquiring an additional 757 shares during the period. Institutional investors own 74.30% of the company’s stock.

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.