Emerson Electric (NYSE:EMR) Price Target Raised to $135.00 at Loop Capital

Emerson Electric (NYSE:EMRFree Report) had its price target lifted by Loop Capital from $130.00 to $135.00 in a research note published on Friday, Benzinga reports. Loop Capital currently has a buy rating on the industrial products company’s stock.

A number of other research analysts also recently commented on the company. Robert W. Baird reduced their target price on Emerson Electric from $120.00 to $116.00 and set a neutral rating on the stock in a report on Thursday. StockNews.com upgraded Emerson Electric from a hold rating to a buy rating in a research report on Thursday. Bank of America boosted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a buy rating in a report on Monday, March 4th. KeyCorp lifted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an overweight rating in a research report on Thursday, February 8th. Finally, UBS Group upped their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a neutral rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $120.56.

Read Our Latest Stock Analysis on Emerson Electric

Emerson Electric Stock Down 0.0 %

Shares of EMR stock traded down $0.04 on Friday, hitting $115.55. The stock had a trading volume of 2,422,464 shares, compared to its average volume of 3,338,006. Emerson Electric has a 52-week low of $76.94 and a 52-week high of $116.76. The firm has a market capitalization of $66.10 billion, a price-to-earnings ratio of 6.18, a P/E/G ratio of 1.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.18. The stock’s 50 day moving average is $110.92 and its 200-day moving average is $100.15.

Emerson Electric (NYSE:EMRGet Free Report) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. As a group, research analysts expect that Emerson Electric will post 5.45 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.82%. Emerson Electric’s dividend payout ratio is 11.24%.

Institutional Trading of Emerson Electric

Several institutional investors have recently made changes to their positions in EMR. Peninsula Asset Management Inc. grew its holdings in shares of Emerson Electric by 19.5% during the 1st quarter. Peninsula Asset Management Inc. now owns 44,250 shares of the industrial products company’s stock valued at $5,019,000 after acquiring an additional 7,209 shares in the last quarter. Peak Asset Management LLC raised its stake in shares of Emerson Electric by 0.4% during the 1st quarter. Peak Asset Management LLC now owns 118,797 shares of the industrial products company’s stock worth $13,474,000 after purchasing an additional 435 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Emerson Electric during the 1st quarter valued at about $311,000. Patten & Patten Inc. TN increased its holdings in Emerson Electric by 20.3% in the first quarter. Patten & Patten Inc. TN now owns 12,214 shares of the industrial products company’s stock worth $1,385,000 after buying an additional 2,057 shares during the last quarter. Finally, TIAA Trust National Association lifted its stake in Emerson Electric by 2.4% in the first quarter. TIAA Trust National Association now owns 31,140 shares of the industrial products company’s stock valued at $3,532,000 after acquiring an additional 735 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

(Get Free Report)

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.

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