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Stock analysts at FBR Capital Markets lifted their price target on shares of Emerson Electric (NYSE:EMR) from $60.00 to $65.00 in a report issued on Tuesday, Analyst Ratings News reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would suggest a potential upside of 0.76% from the company’s current price.

Emerson Electric (NYSE:EMR) opened at 64.51 on Tuesday. Emerson Electric has a one year low of $53.09 and a one year high of $70.66. The stock has a 50-day moving average of $67.11 and a 200-day moving average of $65.60. The company has a market cap of $45.350 billion and a P/E ratio of 23.12.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Emerson Electric will post $3.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, February 12th.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note on Friday, January 3rd. They now have a $73.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “buy” rating on shares of Emerson Electric in a research note on Wednesday, November 20th. They now have a $73.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Emerson Electric from $68.00 to $71.00 in a research note on Wednesday, November 20th. They now have a “market perform” rating on the stock. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.93.

Emerson Electric Co (NYSE:EMR) is a diversified global technology company.

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