Emerson Electric’s (EMR) Hold Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Emerson Electric (NYSE:EMR) in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $145.00 price objective on the industrial products company’s stock.

Several other research firms also recently weighed in on EMR. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Wolfe Research lifted their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Barclays lifted their price target on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $147.67.

Emerson Electric Stock Up 1.4%

Emerson Electric stock opened at $137.15 on Wednesday. Emerson Electric has a 1-year low of $90.06 and a 1-year high of $150.27. The business has a fifty day moving average price of $132.04 and a 200-day moving average price of $132.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The stock has a market capitalization of $77.12 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.21 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The company had revenue of $3.16 billion during the quarter. Equities research analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, November 14th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 54.95%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of Emerson Electric stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the transaction, the chief executive officer directly owned 196,292 shares in the company, valued at approximately $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in EMR. Vanguard Group Inc. boosted its holdings in Emerson Electric by 0.4% during the third quarter. Vanguard Group Inc. now owns 54,330,938 shares of the industrial products company’s stock worth $7,127,132,000 after buying an additional 201,040 shares in the last quarter. State Street Corp raised its position in shares of Emerson Electric by 3.0% in the second quarter. State Street Corp now owns 27,053,019 shares of the industrial products company’s stock worth $3,606,979,000 after acquiring an additional 784,987 shares during the period. Wellington Management Group LLP boosted its stake in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after acquiring an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Emerson Electric by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after acquiring an additional 5,371,585 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Emerson Electric by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock worth $1,610,958,000 after purchasing an additional 89,192 shares during the period. Institutional investors and hedge funds 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.