Emerson Electric (NYSE:EMR) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Emerson Electric (NYSE:EMR) in a research note released on Friday, Marketbeat reports. The firm issued an underweight rating and a $105.00 price target on the industrial products company’s stock.

Several other research analysts have also weighed in on EMR. Wells Fargo & Company reduced their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a buy rating in a report on Friday, May 10th. Royal Bank of Canada dropped their price objective on Emerson Electric from $140.00 to $139.00 and set an outperform rating on the stock in a research note on Thursday, August 8th. StockNews.com cut Emerson Electric from a buy rating to a hold rating in a research note on Thursday, July 25th. Finally, Oppenheimer dropped their price target on Emerson Electric from $125.00 to $120.00 and set an outperform rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of Moderate Buy and an average price target of $124.06.

Emerson Electric Price Performance

Shares of EMR stock opened at $98.17 on Friday. The firm’s 50 day moving average price is $108.69 and its two-hundred day moving average price is $109.72. The stock has a market cap of $56.16 billion, a PE ratio of 5.25, a PEG ratio of 1.75 and a beta of 1.30. Emerson Electric has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Emerson Electric will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be paid a $0.525 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.14%. Emerson Electric’s payout ratio is currently 11.24%.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of EMR. Security National Bank bought a new stake in Emerson Electric during the fourth quarter worth $29,000. Cape Investment Advisory Inc. raised its holdings in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC acquired a new stake in Emerson Electric in the 1st quarter valued at about $31,000. Burkett Financial Services LLC bought a new position in Emerson Electric during the fourth quarter worth about $32,000. Finally, Meeder Asset Management Inc. raised its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Institutional investors own 74.30% of the company’s stock.

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.