Emerson Electric (NYSE:EMR) Given New $138.00 Price Target at Royal Bank of Canada

Emerson Electric (NYSE:EMR) had its target price reduced by Royal Bank of Canada from $139.00 to $138.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

EMR has been the topic of several other research reports. Wells Fargo & Company raised their price target on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $1.15 during trading on Wednesday, reaching $125.71. The company’s stock had a trading volume of 1,029,384 shares, compared to its average volume of 2,720,509. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $71.99 billion, a P/E ratio of 42.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. Emerson Electric has a one year low of $84.61 and a one year high of $127.74. The stock has a 50-day moving average price of $107.50 and a two-hundred day moving average price of $109.05.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. As a group, sell-side analysts anticipate that Emerson Electric will post 5.48 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.68%. Emerson Electric’s dividend payout ratio is 70.47%.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMR. Newport Trust Company LLC acquired a new stake in Emerson Electric in the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC increased its holdings in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp raised its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares during the period. Swedbank AB boosted its position in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Finally, Perpetual Ltd raised its position in shares of Emerson Electric by 57,336.1% in the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after purchasing an additional 1,204,058 shares during the period. 74.30% of the stock is owned by institutional investors.

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.