Emerson Electric (NYSE:EMR) Downgraded by Morgan Stanley

Morgan Stanley downgraded shares of Emerson Electric (NYSE:EMR) from an overweight rating to an equal weight rating in a report published on Monday morning, BenzingaRatingsTable reports. The firm currently has $50.00 price objective on the industrial products company’s stock, down from their previous price objective of $57.00.

EMR has been the topic of a number of other research reports. Bank of America increased their target price on Emerson Electric from $87.00 to $88.00 and gave the company a buy rating in a report on Wednesday, February 19th. ValuEngine cut Emerson Electric from a buy rating to a hold rating in a report on Monday, November 25th. Stephens reiterated a buy rating and set a $86.00 target price on shares of Emerson Electric in a report on Monday, December 16th. Cowen reiterated a hold rating and set a $74.00 target price on shares of Emerson Electric in a report on Tuesday, February 4th. Finally, Barclays increased their target price on Emerson Electric from $75.00 to $78.00 and gave the company an equal weight rating in a report on Monday, January 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $72.50.

Shares of EMR traded up $1.19 on Monday, reaching $48.80. The stock had a trading volume of 6,653,699 shares, compared to its average volume of 4,771,388. The firm has a market capitalization of $27.10 billion, a PE ratio of 13.94, a PEG ratio of 1.54 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $61.99 and a 200 day moving average of $69.44. Emerson Electric has a twelve month low of $37.75 and a twelve month high of $78.38.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.16 billion. Emerson Electric had a return on equity of 25.55% and a net margin of 11.79%. Emerson Electric’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, sell-side analysts anticipate that Emerson Electric will post 3.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, February 13th. Emerson Electric’s dividend payout ratio is presently 54.20%.

In other Emerson Electric news, Director Arthur F. Golden purchased 5,000 shares of Emerson Electric stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $51.47 per share, with a total value of $257,350.00. Following the purchase, the director now directly owns 81,898 shares in the company, valued at approximately $4,215,290.06. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors raised its position in shares of Emerson Electric by 0.7% in the 4th quarter. Capital World Investors now owns 14,705,335 shares of the industrial products company’s stock worth $1,121,429,000 after buying an additional 102,776 shares during the period. Geode Capital Management LLC raised its position in shares of Emerson Electric by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 8,517,940 shares of the industrial products company’s stock worth $648,302,000 after buying an additional 203,498 shares during the period. Norges Bank purchased a new position in shares of Emerson Electric in the 4th quarter worth $526,722,000. Charles Schwab Investment Management Inc. raised its position in shares of Emerson Electric by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,043,403 shares of the industrial products company’s stock worth $384,610,000 after buying an additional 69,801 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of Emerson Electric by 14.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,512,805 shares of the industrial products company’s stock worth $344,146,000 after buying an additional 563,597 shares during the period. 73.16% of the stock is currently owned by institutional investors and hedge funds.

About Emerson Electric

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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