Emerson Electric Co. (NYSE:EMR) shares traded down 3.5% during trading on Friday . The company traded as low as $52.07 and last traded at $52.77, with a volume of 5,044,997 shares trading hands. The stock had previously closed at $54.67.

A number of research analysts recently commented on the stock. Wells Fargo & Co. reiterated a “hold” rating and set a $52.00 price objective on shares of Emerson Electric in a research note on Monday, July 18th. Barclays PLC reiterated an “equal weight” rating and set a $55.00 price objective (down previously from $56.00) on shares of Emerson Electric in a research note on Monday, July 18th. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Vertical Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $47.00 to $50.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 4th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.63.

The firm’s 50-day moving average price is $54.47 and its 200-day moving average price is $52.55. The firm has a market cap of $34.09 billion and a price-to-earnings ratio of 18.76.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Analysts forecast that Emerson Electric Co. will post $2.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Wednesday, August 10th.

Several large investors have bought and sold shares of the company. American International Group Inc. increased its stake in Emerson Electric by 9.3% in the fourth quarter. American International Group Inc. now owns 7,758,532 shares of the company’s stock worth $371,091,000 after buying an additional 660,328 shares during the period. Brandes Investment Partners LP increased its stake in Emerson Electric by 4.3% in the fourth quarter. Brandes Investment Partners LP now owns 2,683,350 shares of the company’s stock worth $128,345,000 after buying an additional 111,807 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Emerson Electric by 6.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,401,030 shares of the company’s stock worth $114,842,000 after buying an additional 140,778 shares during the period. Eaton Vance Management increased its stake in Emerson Electric by 0.8% in the fourth quarter. Eaton Vance Management now owns 2,319,396 shares of the company’s stock worth $110,937,000 after buying an additional 18,788 shares during the period. Finally, Tweedy Browne Co. LLC increased its stake in Emerson Electric by 6.8% in the fourth quarter. Tweedy Browne Co. LLC now owns 1,919,509 shares of the company’s stock worth $91,810,000 after buying an additional 122,588 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.