Shares of Emerson Electric Co. (NYSE:EMR) gapped up before the market opened on Monday . The stock had previously closed at $53.60, but opened at $53.79. Emerson Electric shares last traded at $54.45, with a volume of 2,739,224 shares changing hands.

Several analysts recently weighed in on EMR shares. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, April 12th. Barclays PLC increased their price target on Emerson Electric from $47.00 to $54.00 and gave the company an “equal weight” rating in a report on Monday, April 18th. Citigroup Inc. restated a “sell” rating and set a $49.00 price target (up previously from $41.00) on shares of Emerson Electric in a report on Tuesday, April 19th. Stifel Nicolaus decreased their price target on Emerson Electric from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, May 4th. Finally, Royal Bank Of Canada increased their price target on Emerson Electric from $47.00 to $50.00 and gave the company a “sector perform” rating in a report on Wednesday, May 4th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.94.

The firm has a market capitalization of $34.95 billion and a P/E ratio of 19.23. The company’s 50 day moving average price is $53.86 and its 200-day moving average price is $52.06.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company earned $5.10 billion during the quarter, compared to analysts’ expectations of $5.34 billion. On average, equities analysts predict that Emerson Electric Co. will post $2.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.90 annualized dividend and a dividend yield of 3.50%.

Several large investors have recently bought and sold shares of the stock. Edge Asset Management Inc. increased its stake in Emerson Electric by 46.7% in the fourth quarter. Edge Asset Management Inc. now owns 906,307 shares of the company’s stock valued at $43,349,000 after buying an additional 288,694 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Emerson Electric by 364.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 58,484 shares of the company’s stock valued at $2,796,000 after buying an additional 45,887 shares in the last quarter. Tredje AP fonden increased its stake in Emerson Electric by 0.6% in the fourth quarter. Tredje AP fonden now owns 44,670 shares of the company’s stock valued at $2,137,000 after buying an additional 262 shares in the last quarter. Twin Capital Management Inc. increased its stake in Emerson Electric by 3.1% in the fourth quarter. Twin Capital Management Inc. now owns 72,430 shares of the company’s stock valued at $3,464,000 after buying an additional 2,170 shares in the last quarter. Finally, Davidson & Garrard Inc. increased its stake in Emerson Electric by 3.0% in the fourth quarter. Davidson & Garrard Inc. now owns 35,028 shares of the company’s stock valued at $1,675,000 after buying an additional 1,015 shares in the last quarter.

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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