Emerson Electric (NYSE:EMR) Now Covered by Analysts at BNP Paribas

BNP Paribas initiated coverage on shares of Emerson Electric (NYSE:EMR) in a report released on Wednesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $155.00 price objective on the industrial products company’s stock.

Several other research analysts have also recently weighed in on the company. KeyCorp raised their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Performance

EMR opened at $126.78 on Wednesday. The business has a 50 day moving average price of $110.57 and a two-hundred day moving average price of $109.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. Emerson Electric has a 1-year low of $87.17 and a 1-year high of $131.56.

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 paid 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 dividend payout ratio (DPR) is 61.70%.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction 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 in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMR. Thrive Wealth Management LLC lifted its position in shares of Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the last quarter. LCM Capital Management Inc grew its position in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO raised its position in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after buying an additional 93 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares in the last quarter. Finally, Unison Advisors LLC increased its position in shares of Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock valued at $2,315,000 after purchasing an additional 96 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.