StockNews.com Upgrades Emerson Electric (NYSE:EMR) to “Buy”

Emerson Electric (NYSE:EMR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other analysts have also issued reports about the company. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday. Finally, UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Down 2.4 %

Shares of EMR traded down $3.11 during mid-day trading on Friday, reaching $124.37. 3,012,374 shares of the company were exchanged, compared to its average volume of 3,148,547. Emerson Electric has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market capitalization of $70.83 billion, a PE ratio of 36.37, a PEG ratio of 2.22 and a beta of 1.34. The business has a 50 day simple moving average of $126.68 and a two-hundred day simple moving average of $116.74.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, analysts predict that Emerson Electric will post 5.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors have recently made changes to their positions in the stock. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $25,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the 4th quarter valued at $30,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.