Target Price Review on Emerson Electric Company (NYSE:EMR)

Andrew Cummings
March 2, 2017

State Street Corp now owns 32,271,263 shares of the company's stock worth $1,799,131,000 after buying an additional 1,049,578 shares in the last quarter. General Electric Company makes up approximately 0.6% of Stanford Investment Group Inc.'s investment portfolio, making the stock its 17th largest position. Buckhead Capital Management LLC now owns 9,135 shares of the company's stock valued at $498,000 after buying an additional 30 shares during the last quarter.

Other institutional investors have also recently modified their holdings of the company. The 5 year historical dividend growth of General Electric Company (GE) is at the rate of 7.56% while the R-Squared dividend growth is 0.83. Cable Hill Partners LLC now owns 4,447 shares of the company's stock valued at $141,000 after buying an additional 19 shares during the last quarter. First Pacific Advisors LLC now owns 10,649,460 shares of the company's stock valued at $335,245,000 after buying an additional 253,960 shares during the period. Cable Hill Partners LLC increased its position in General Electric Company by 38.4% in the third quarter. J P Morgan Chase & Co reissued an "underweight" rating and set a $29.00 price objective on shares of General Electric Company in a report on Tuesday, January 24th. Leisure Capital Management now owns 68,894 shares of the company's stock valued at $2,041,000 after buying an additional 188 shares during the period. American Century Companies Inc. increased its position in shares of Portland General Electric Company by 418.7% in the second quarter. Institutional investors own 71.04% of the company's stock.


On Tuesday, Ford Motor Company (NYSE:F) stock opened its trade at $12.63 and after floating in a range of $12.45 to $12.66, settled at $12.53.

General Electric Company (NYSE:GE) fell -0.43% to reach at the trading price of $29.81 as it is set to release its next quarterly earnings report on April 21, 2017. The company maintains price to book ratio of 40.91 vs.an industry average at 7.27. Zacks Investment Research downgraded shares of Portland General Electric Company from a "hold" rating to a "sell" rating in a report on Tuesday, November 1st. Emerson Electric Company had a return on equity of 24.26% and a net margin of 8.50%. The company had revenue of $33088.00 million for the quarter, compared to analysts expectations of $33668.72 million. During the same period previous year, the firm earned $0.52 EPS. The firm's revenue was down 2.4% on a year-over-year basis. Smith Salley & Associates increased its position in General Electric Company by 1.7% in the fourth quarter.


The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Monday, February 27th will be given a dividend of $0.24 per share. The stock has a 5 year average dividend yield of 3.29% and the stock has a Indicated annual dividend of $0.96. The ex-dividend date is Thursday, February 23rd.

This piece was reported by BBNS and is owned by of BBNS. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. and global trademark and copyright laws. The correct version of this piece can be accessed at [[permalink]]. The consensus price target (PT) of $34.00 means that the market expects Company shares to increase by 13.6% in the short run. General Electric Company's dividend payout ratio is now 106.67%. William Blair set a $35.00 target price on General Electric Company and gave the company a "buy" rating in a research note on Tuesday, November 22nd. Beta factor is used to measure the volatility of the stock. The stock now has a consensus rating of "Hold" and a consensus price target of $55.34. J P Morgan Chase & Co upgraded shares of Portland General Electric Company from an "underweight" rating to a "neutral" rating and set a $44.00 price objective on the stock in a research report on Friday, December 16th. The stock was sold at an average price of $29.56, for a total transaction of $4,719,608.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.


In other General Electric Company news, Chairman Jeffrey R. Immelt purchased 50,000 shares of General Electric Company stock in a transaction that occurred on Wednesday, November 9th. The overall volume in the last trading session was 4.21 million shares.

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