Emerson Electric (NYSE:EMR) Downgraded to “Equal Weight” at Stephens

Stephens downgraded shares of Emerson Electric (NYSE:EMR) from an overweight rating to an equal weight rating in a report released on Wednesday, Marketbeat reports. They currently have $120.00 price target on the industrial products company’s stock, down from their prior price target of $135.00.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.47.

Emerson Electric Stock Performance

Shares of EMR opened at $110.59 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market capitalization of $63.27 billion, a P/E ratio of 5.92, a P/E/G ratio of 1.70 and a beta of 1.30. The company’s fifty day moving average is $105.41 and its two-hundred day moving average is $109.22. Emerson Electric has a 1 year low of $83.10 and a 1 year high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations 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 was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. On average, sell-side analysts predict that Emerson Electric will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont increased its stake in shares of Emerson Electric by 5.2% during the 3rd quarter. Trust Co. of Vermont now owns 147,975 shares of the industrial products company’s stock valued at $16,184,000 after acquiring an additional 7,298 shares during the last quarter. Cardinal Capital Management increased its position in Emerson Electric by 1.7% during the 3rd quarter. Cardinal Capital Management now owns 85,591 shares of the industrial products company’s stock worth $9,361,000 after purchasing an additional 1,424 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter worth approximately $3,275,000. Buffington Mohr McNeal purchased a new position in Emerson Electric in the 3rd quarter worth approximately $221,000. Finally, Mitchell & Pahl Private Wealth LLC boosted its holdings in Emerson Electric by 3.8% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 19,008 shares of the industrial products company’s stock worth $2,079,000 after acquiring an additional 692 shares during the period. Institutional investors and hedge funds 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.