Emerson Electric (NYSE:EMR) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Emerson Electric (NYSE:EMR – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Cowen decreased their price objective on Emerson Electric from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, February 21st. Royal Bank of Canada dropped their target price on Emerson Electric from $110.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Citigroup dropped their price objective on Emerson Electric from $109.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, February 13th. Oppenheimer lifted their price target on Emerson Electric from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. Finally, UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $100.00 to $97.00 in a research report on Monday, March 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Hold” and an average target price of $98.43.

Emerson Electric Price Performance

NYSE EMR opened at $80.53 on Thursday. Emerson Electric has a one year low of $72.40 and a one year high of $100.00. The stock has a 50-day moving average of $88.15 and a 200 day moving average of $87.68. The company has a market capitalization of $46.01 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.37 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.10.

Emerson Electric (NYSE:EMR – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10). The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.43 billion. Emerson Electric had a net margin of 25.18% and a return on equity of 19.79%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, sell-side analysts forecast that Emerson Electric will post 4.07 EPS for the current year.

Institutional Trading of Emerson Electric

Large investors have recently added to or reduced their stakes in the company. Spartan Planning & Wealth Management acquired a new stake in Emerson Electric in the fourth quarter worth $27,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Emerson Electric in the 4th quarter valued at about $30,000. Resurgent Financial Advisors LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at about $32,000. Arcus Capital Partners LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $33,000. Finally, TFO TDC LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth about $43,000. 71.64% of the stock is owned by institutional investors.

About Emerson Electric

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Emerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products.