Emerson Electric (NYSE:EMR) Rating Lowered to Hold at StockNews.com

Emerson Electric (NYSE:EMR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada lowered their price target on Emerson Electric from $109.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays dropped their price target on Emerson Electric from $105.00 to $100.00 in a research report on Tuesday, October 10th. KeyCorp began coverage on Emerson Electric in a research report on Monday, October 2nd. They set an “overweight” rating and a $120.00 price target on the stock. Morgan Stanley lifted their price target on Emerson Electric from $107.00 to $116.00 and gave the company an “overweight” 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 boosted their target price for the stock from $83.00 to $107.00 in a report on Tuesday, August 22nd. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $105.63.

Emerson Electric Trading Up 1.5 %

NYSE EMR opened at $86.50 on Friday. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $100.62. The firm has a market capitalization of $49.64 billion, a P/E ratio of 3.77, a PEG ratio of 1.46 and a beta of 1.38. The business has a fifty day simple moving average of $94.35 and a 200 day simple moving average of $90.66. The company has a current ratio of 2.75, a quick ratio of 2.07 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Emerson Electric had a net margin of 87.17% and a return on equity of 11.78%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.53 earnings per share. On average, analysts predict that Emerson Electric will post 5.26 EPS for the current fiscal year.

Insider Activity at Emerson Electric

In related news, CMO Vidya Ramnath sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now directly owns 11,870 shares of the company’s stock, valued at $1,161,598.20. The sale was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Emerson Electric by 94,950.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,464,073 shares of the industrial products company’s stock worth $8,719,388,000 after purchasing an additional 96,362,586 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after acquiring an additional 54,365,954 shares in the last quarter. Norges Bank bought a new stake in shares of Emerson Electric in the fourth quarter valued at about $702,606,000. Morgan Stanley raised its holdings in shares of Emerson Electric by 28.4% in the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock valued at $1,136,909,000 after acquiring an additional 2,621,089 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Emerson Electric by 103.9% in the first quarter. Two Sigma Advisers LP now owns 3,045,900 shares of the industrial products company’s stock valued at $265,420,000 after acquiring an additional 1,551,800 shares in 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. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.