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.
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
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.
- Get a free copy of the StockNews.com research report on Emerson Electric (EMR)
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