Emerson Electric (NYSE:EMR) Coverage Initiated at Citigroup

Citigroup initiated coverage on shares of Emerson Electric (NYSE:EMR) in a research note released on Monday, Marketbeat reports. The firm issued a buy rating and a $132.00 price objective on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price for the company. Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Trading Up 0.4 %

EMR opened at $112.28 on Monday. Emerson Electric has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm has a market capitalization of $63.31 billion, a PE ratio of 26.80, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company’s 50-day moving average is $121.86 and its 200 day moving average is $119.02.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

Institutional Trading of Emerson Electric

A number of hedge funds have recently bought and sold shares of EMR. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at about $27,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric during the 4th quarter valued at about $28,000. 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.