Emerson Electric (NYSE:EMR) Upgraded at BMO Capital Markets

Emerson Electric (NYSE:EMR) was upgraded by stock analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a note issued to investors on Sunday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $179.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Wells Fargo & Company started coverage on shares of Emerson Electric in a research note on Friday, September 25th. They issued an “overweight” rating and a $177.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Finally, Stephens increased their price target on Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $172.17.

Emerson Electric Stock Up 0.7%

EMR opened at $166.02 on Friday. The firm has a market cap of $92.99 billion, a P/E ratio of 36.33, a PEG ratio of 2.33 and a beta of 1.23. The business’s fifty day simple moving average is $157.23 and its 200 day simple moving average is $147.26. Emerson Electric has a 52 week low of $122.64 and a 52 week high of $171.25. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.03. The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. As a group, equities research analysts anticipate that Emerson Electric will post 6.56 EPS for the current fiscal year.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ABS Investment Management LLC bought a new position in Emerson Electric during the second quarter worth about $858,900,000. William Mack & Associates Inc. bought a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $25,000. Financial Management Professionals Inc. grew its stake in shares of Emerson Electric by 100.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 86 shares during the period. Next Level Wealth Planning LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $27,000. Finally, Quest 10 Wealth Builders Inc. raised its holdings in shares of Emerson Electric by 113.3% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company’s stock worth $30,000 after buying an additional 102 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.