Emerson Electric (NYSE:EMR) Now Covered by Evercore ISI

Evercore ISI assumed coverage on shares of Emerson Electric (NYSE:EMR) in a research note released on Monday, MarketBeat Ratings reports. The firm issued an outperform rating and a $170.00 target price on the industrial products company’s stock.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. cut their price target on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Barclays upped their price objective on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Daiwa Capital Markets boosted their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.06.

Emerson Electric Trading Up 0.5%

Shares of NYSE EMR opened at $137.35 on Monday. Emerson Electric has a twelve month low of $90.06 and a twelve month high of $150.27. The firm has a market cap of $77.23 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.23 and a beta of 1.26. The business has a fifty day simple moving average of $132.26 and a two-hundred day simple moving average of $133.29. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last announced 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 firm had revenue of $3.16 billion for the quarter. Analysts expect that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

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

Emerson Electric announced that its board has approved a stock buyback program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the transaction, the chief executive officer owned 196,292 shares in the company, valued at $26,106,836. This trade represents a 3.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Emerson Electric

A number of large investors have recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in Emerson Electric in the 1st quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the second quarter worth about $29,000. Wealth Watch Advisors INC purchased a new position in Emerson Electric in the 3rd quarter valued at about $33,000. Winnow Wealth LLC acquired a new stake in Emerson Electric in the 2nd quarter worth about $34,000. Finally, PFS Partners LLC increased its stake in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after buying an additional 108 shares in 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.