Emerson Electric (NYSE:EMR) Rating Increased to Buy at Vertical Research

Emerson Electric (NYSE:EMR) was upgraded by equities researchers at Vertical Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a $120.00 price target on the industrial products company’s stock. Vertical Research’s price objective suggests a potential upside of 21.38% from the company’s current price.

EMR has been the subject of several other research reports. HSBC upgraded Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $100.00 in a research note on Wednesday, June 14th. StockNews.com assumed coverage on shares of Emerson Electric in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Barclays started coverage on shares of Emerson Electric in a research report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 price target for the company. Royal Bank of Canada lifted their target price on Emerson Electric from $103.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, JPMorgan Chase & Co. raised Emerson Electric from a “neutral” rating to an “overweight” rating and upped their target price for the company from $83.00 to $107.00 in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $105.67.

Emerson Electric Stock Up 0.3 %

Shares of NYSE:EMR opened at $98.86 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.38 and a debt-to-equity ratio of 0.29. Emerson Electric has a fifty-two week low of $72.40 and a fifty-two week high of $100.62. The stock has a market cap of $56.74 billion, a price-to-earnings ratio of 4.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39. The firm’s 50 day moving average price is $95.35 and its 200 day moving average price is $88.17.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.20. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. As a group, equities research analysts predict that Emerson Electric will post 4.44 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $97.86, for a total transaction of $244,650.00. Following the transaction, the chief marketing officer now owns 11,870 shares of the company’s stock, valued at $1,161,598.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CMO Vidya Ramnath sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the transaction, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at approximately $1,161,598.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lisa Flavin sold 48,718 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the completion of the sale, the vice president now owns 51,748 shares of the company’s stock, valued at approximately $4,639,208.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Institutional Trading of Emerson Electric

A number of institutional investors have recently bought and sold shares of EMR. RB Capital Management LLC raised its position in Emerson Electric by 3.0% during the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 155 shares during the last quarter. Fairfield Bush & CO. acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $116,000. Prudential PLC purchased a new position in Emerson Electric during the first quarter worth $1,215,000. Sequoia Financial Advisors LLC raised its holdings in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock worth $934,000 after acquiring an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of Emerson Electric by 31.8% during the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 931 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.