StockNews.com Upgrades Emerson Electric (NYSE:EMR) to Buy

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

Several other research firms have also weighed in on EMR. Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $123.00 to $138.00 in a research report on Thursday. Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group boosted their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, KeyCorp boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.41.

Emerson Electric Trading Up 2.6 %

NYSE:EMR traded up $2.94 during trading hours on Thursday, hitting $115.59. 4,982,821 shares of the company were exchanged, compared to its average volume of 2,842,192. The stock has a market capitalization of $65.98 billion, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric has a one year low of $76.94 and a one year high of $115.77. The company has a fifty day simple moving average of $110.75 and a 200 day simple moving average of $100.04.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company earned $1.09 EPS. Emerson Electric’s revenue for the quarter was up 16.5% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric will post 5.4 EPS for the current fiscal year.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the business. Accordant Advisory Group Inc purchased a new position in Emerson Electric in the first quarter valued at approximately $29,000. Tobam lifted its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Security National Bank purchased a new position in Emerson Electric in the fourth quarter valued at approximately $29,000. Tributary Capital Management LLC purchased a new position in Emerson Electric in the first quarter valued at approximately $35,000. Finally, Cape Investment Advisory Inc. lifted its stake in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Company Profile

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.