Emerson Electric Co. (NYSE:EMR) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday. They currently have a $47.31 target price on the stock. Vetr‘s target price would indicate a potential downside of 12.06% from the stock’s current price.
Several other analysts also recently weighed in on the company. Berenberg Bank assumed coverage on Emerson Electric in a research note on Monday. They set a “sell” rating and a $41.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Emerson Electric in a research note on Monday, September 26th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Emerson Electric in a research note on Thursday, September 15th. Morgan Stanley reaffirmed a “hold” rating and set a $50.00 target price on shares of Emerson Electric in a research note on Monday, August 29th. Finally, Buckingham Research downgraded Emerson Electric from a “neutral” rating to an “underperform” rating and cut their target price for the company from $49.00 to $44.00 in a research note on Friday, August 19th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.91.
Shares of Emerson Electric (NYSE:EMR) traded down 1.30% on Monday, reaching $53.80. The company had a trading volume of 3,814,274 shares. The stock has a 50 day moving average price of $52.81 and a 200-day moving average price of $53.44. The company has a market capitalization of $34.62 billion, a price-to-earnings ratio of 19.05 and a beta of 1.19. Emerson Electric has a 12 month low of $41.25 and a 12 month high of $56.82.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.04. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.34 billion. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. Analysts forecast that Emerson Electric will post $2.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a $0.475 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.53%. Emerson Electric’s dividend payout ratio is currently 67.38%.
Several hedge funds have recently made changes to their positions in the company. Meristem LLP boosted its stake in shares of Emerson Electric by 1.8% in the first quarter. Meristem LLP now owns 8,979 shares of the company’s stock worth $488,000 after buying an additional 157 shares in the last quarter. Wade G W & Inc. boosted its stake in shares of Emerson Electric by 21.2% in the first quarter. Wade G W & Inc. now owns 74,210 shares of the company’s stock worth $4,036,000 after buying an additional 12,967 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Emerson Electric by 5.7% in the first quarter. Chesley Taft & Associates LLC now owns 37,390 shares of the company’s stock worth $2,033,000 after buying an additional 2,025 shares in the last quarter. RDL Financial Inc. boosted its stake in shares of Emerson Electric by 8.3% in the first quarter. RDL Financial Inc. now owns 55,130 shares of the company’s stock worth $2,998,000 after buying an additional 4,212 shares in the last quarter. Finally, Acropolis Investment Management LLC boosted its stake in shares of Emerson Electric by 3.0% in the first quarter. Acropolis Investment Management LLC now owns 38,483 shares of the company’s stock worth $2,065,000 after buying an additional 1,121 shares in the last quarter. 69.40% of the stock is owned by institutional investors.
Emerson Electric Company Profile
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
To view Vetr’s full report, visit Vetr’s official website.
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