JPMorgan Chase & Co. Cuts Emerson Electric (NYSE:EMR) Price Target to $135.00

Emerson Electric (NYSE:EMR) had its price objective cut by JPMorgan Chase & Co. from $137.00 to $135.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on EMR. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Emerson Electric Stock Up 0.8 %

Emerson Electric stock opened at $120.72 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a 50 day moving average price of $127.30 and a 200 day moving average price of $115.01. Emerson Electric has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a market capitalization of $68.75 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Trading of Emerson Electric

A number of large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter valued at about $29,000. Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at approximately $33,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Emerson Electric in the third quarter valued at approximately $43,000. Institutional investors and hedge funds 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.