Today, Vetr Inc. lowers the Stock rating of Emerson Electric Co. (EMR)

Today, Vetr Inc. lowers the Stock rating of Emerson Electric Co. (EMR)

Emerson Electric Co. (NYSE:EMR) was downgraded by equities research analysts at Vetr from a “sell” rating to a “strong sell” rating in a research report issued on Monday. They presently have a $44.20 target price on the stock. Vetr‘s price target suggests a potential downside of 19.99% from the stock’s current price.

A number of other research firms have also weighed in on EMR. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Barclays PLC reiterated an “equal weight” rating and issued a $55.00 price objective (down previously from $56.00) on shares of Emerson Electric in a research note on Monday, July 18th. Wells Fargo & Co. reiterated a “hold” rating and issued a $52.00 price objective on shares of Emerson Electric in a research note on Monday, July 18th. Buckingham Research lowered shares of Emerson Electric from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $49.00 to $44.00 in a research note on Friday, August 19th. Finally, Credit Suisse Group AG lowered shares of Emerson Electric from an “outperform” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Friday, August 19th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.75.

Shares of Emerson Electric (NYSE:EMR) traded up 0.33% during mid-day trading on Monday, reaching $55.24. 802,124 shares of the company’s stock traded hands. Emerson Electric has a 12-month low of $41.25 and a 12-month high of $56.82. The company’s 50 day moving average is $51.93 and its 200 day moving average is $52.78. The company has a market cap of $35.51 billion, a P/E ratio of 21.92 and a beta of 1.14.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 11th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, November 8th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.48%. Emerson Electric’s dividend payout ratio (DPR) is currently 76.19%.

Several large investors have recently made changes to their positions in EMR. Mariner Wealth Advisors LLC bought a new stake in shares of Emerson Electric during the first quarter worth $462,000. AMP Capital Investors Ltd boosted its stake in shares of Emerson Electric by 8.7% in the first quarter. AMP Capital Investors Ltd now owns 288,711 shares of the company’s stock worth $15,753,000 after buying an additional 23,152 shares in the last quarter. Williams Jones & Associates LLC boosted its stake in shares of Emerson Electric by 14.8% in the first quarter. Williams Jones & Associates LLC now owns 30,895 shares of the company’s stock worth $1,680,000 after buying an additional 3,975 shares in the last quarter. National Pension Service boosted its stake in shares of Emerson Electric by 4.2% in the first quarter. National Pension Service now owns 382,689 shares of the company’s stock worth $20,811,000 after buying an additional 15,410 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Emerson Electric by 4.0% in the first quarter. Legal & General Group Plc now owns 3,131,579 shares of the company’s stock worth $170,297,000 after buying an additional 120,455 shares in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.

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.

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