Emerson Electric (NYSE:EMR) Stock Rating Lowered by Barclays

Emerson Electric (NYSE:EMR) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. They currently have a $110.00 price objective on the industrial products company’s stock, down from their previous price objective of $135.00. Barclays‘s price objective would suggest a potential downside of 7.30% from the company’s previous close.

Several other brokerages have also recently weighed in on EMR. BNP Paribas began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.28.

Emerson Electric Stock Performance

NYSE EMR opened at $118.66 on Monday. Emerson Electric has a 12-month low of $96.62 and a 12-month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $123.64 and a two-hundred day simple moving average of $118.73. The firm has a market cap of $66.91 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts forecast that Emerson Electric will post 5.96 EPS for the current year.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors have recently modified their holdings of EMR. Swedbank AB raised its holdings in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Howard Capital Management Group LLC increased its position in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 180 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the 3rd quarter worth approximately $25,000. CWA Asset Management Group LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $437,000. Finally, Assetmark Inc. increased its holdings in shares of Emerson Electric by 16.5% in the 3rd quarter. Assetmark Inc. now owns 7,759 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 1,097 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.