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Emerson Electric (NYSE:EMR)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Wednesday. They currently have a $76.00 price objective on the stock, down from their previous price objective of $84.00. Nomura’s target price points to a potential upside of 22.88% from the company’s current price.

Shares of Emerson Electric (NYSE:EMR) traded down 1.58% on Wednesday, hitting $61.85. The stock had a trading volume of 5,195,181 shares. Emerson Electric has a 52-week low of $60.14 and a 52-week high of $70.66. The stock has a 50-day moving average of $66.76 and a 200-day moving average of $66.32. The company has a market cap of $43.403 billion and a P/E ratio of 22.53. Emerson Electric also was the recipient of unusually large options trading on Wednesday. Traders acquired 5,296 put options on the stock. This represents an increase of approximately 289% compared to the typical volume of 1,362 put options.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 5th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.06 by $0.03. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Emerson Electric will post $3.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.78%.

A number of other analysts have also recently weighed in on EMR. Analysts at Morgan Stanley cut their price target on shares of Emerson Electric from $69.00 to $68.00 in a research note on Wednesday. Separately, analysts at Oppenheimer cut their price target on shares of Emerson Electric from $77.00 to $70.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Emerson Electric in a research note on Friday, July 18th. They now have a $71.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $70.54.

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

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