Emerson Electric (NYSE:EMR) Cut to “Market Perform” at Cowen

Cowen lowered shares of Emerson Electric (NYSE:EMR) from an outperform rating to a market perform rating in a research report report published on Wednesday morning, Briefing.com Automated Import reports. Cowen currently has $72.00 price objective on the industrial products company’s stock.

EMR has been the topic of a number of other reports. Zacks Investment Research lowered shares of Emerson Electric from a hold rating to a sell rating and set a $69.00 price objective on the stock. in a research report on Tuesday, July 23rd. Cfra lowered shares of Emerson Electric from a buy rating to a hold rating in a research report on Tuesday. Credit Suisse Group lowered their price objective on shares of Emerson Electric from $74.00 to $70.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank lowered their price objective on shares of Emerson Electric from $74.00 to $73.00 and set a buy rating on the stock in a research report on Monday, August 5th. Finally, Citigroup lowered their price objective on shares of Emerson Electric from $79.00 to $77.00 and set a buy rating on the stock in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $73.00.

Shares of EMR traded up $0.09 during mid-day trading on Wednesday, reaching $73.88. 2,186,068 shares of the company’s stock were exchanged, compared to its average volume of 3,242,199. The business’s fifty day simple moving average is $67.96 and its 200-day simple moving average is $64.99. Emerson Electric has a 52-week low of $55.38 and a 52-week high of $75.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 0.85. The stock has a market capitalization of $45.39 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Emerson Electric had a net margin of 12.55% and a return on equity of 26.32%. The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the firm posted $0.89 EPS. Emerson Electric’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Emerson Electric will post 3.65 earnings per share for the current year.

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 $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 53.12%.

Large investors have recently added to or reduced their stakes in the company. Homrich & Berg raised its stake in Emerson Electric by 4.5% in the 3rd quarter. Homrich & Berg now owns 3,252 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 139 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Emerson Electric by 38.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 540 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Emerson Electric by 1.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,630 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 150 shares during the last quarter. Marble Harbor Investment Counsel LLC raised its stake in Emerson Electric by 0.3% in the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 45,336 shares of the industrial products company’s stock valued at $3,031,000 after purchasing an additional 150 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its stake in Emerson Electric by 15.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,216 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 161 shares during the last quarter. 70.32% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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