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

Emerson Electric (NYSE:EMR) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

A number of other research firms have also commented on EMR. Royal Bank of Canada lowered their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Morgan Stanley began coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Finally, Barclays upped their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Trading Up 7.8 %

Shares of EMR traded up $9.19 during mid-day trading on Wednesday, reaching $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 stock has a market cap of $72.65 billion, a PE ratio of 42.57, a P/E/G ratio of 1.66 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric has a 52 week low of $83.10 and a 52 week high of $127.74. The company’s fifty day moving average price is $107.50 and its two-hundred day moving average price is $109.05.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the business posted $1.29 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

Several institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $31,000. Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during 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.