Emerson Electric (NYSE:EMR) Upgraded by StockNews.com to “Buy” Rating

Emerson Electric (NYSE:EMR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently commented on EMR. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.65.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $9.19 during trading on Wednesday, hitting $126.86. The company’s stock had a trading volume of 7,064,736 shares, compared to its average volume of 2,728,374. The company has a 50-day moving average of $107.50 and a 200-day moving average of $109.05. Emerson Electric has a 12 month low of $83.10 and a 12 month high of $127.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The firm has a market cap of $72.65 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the business earned $1.29 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric will post 5.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thrive Wealth Management LLC lifted its position in shares of Emerson Electric by 4.1% during the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the last quarter. LCM Capital Management Inc lifted its position in shares of Emerson Electric by 1.4% during the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO lifted its position in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Emerson Electric by 3.7% in the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares in the last quarter. Finally, PFG Advisors raised its holdings in shares of Emerson Electric by 3.8% in the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 96 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.