KeyCorp Boosts Emerson Electric (NYSE:EMR) Price Target to $140.00

Emerson Electric (NYSE:EMR) had its price objective raised by KeyCorp from $125.00 to $140.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

EMR has been the topic of several other research reports. Oppenheimer lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Robert W. Baird raised their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Barclays cut their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $127.26 on Wednesday. The company has a 50-day simple moving average of $108.39 and a 200-day simple moving average of $109.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The stock has a market capitalization of $72.88 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 1.94 and a beta of 1.30. Emerson Electric has a one year low of $85.00 and a one year high of $128.56.

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, topping the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. On average, analysts predict that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.66%. Emerson Electric’s payout ratio is 61.40%.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the third quarter valued at approximately $29,000. Transcendent Capital Group LLC purchased a new position in Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at $33,000. 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.