Emerson Electric (NYSE:EMR) Price Target Raised to $168.00

Emerson Electric (NYSE:EMR) had its price objective increased by Wolfe Research from $165.00 to $168.00 in a report released on Friday,MarketScreener reports. They currently have an outperform rating on the industrial products company’s stock.

EMR has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Daiwa Capital Markets upped their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Jefferies Financial Group decreased their target price on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.13.

Emerson Electric Stock Performance

Shares of EMR opened at $128.19 on Friday. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $150.27. The business’s fifty day simple moving average is $131.42 and its two-hundred day simple moving average is $131.50. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market cap of $72.02 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Research analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $0.555 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is 54.95%.

Emerson Electric declared that its board has approved a stock buyback program on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of EMR. Saudi Central Bank acquired a new stake in shares of Emerson Electric during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the first quarter worth about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at approximately $29,000. Wealth Watch Advisors INC purchased a new position in Emerson Electric during the third quarter valued at $33,000. Finally, Winnow Wealth LLC acquired a new stake in Emerson Electric in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Company Profile

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.