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

Emerson Electric (NYSE:EMRGet Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other analysts also recently issued reports on EMR. Barclays dropped their target price on shares of Emerson Electric from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, October 3rd. Morgan Stanley raised their price objective on Emerson Electric from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 3rd. Mizuho boosted their target price on Emerson Electric from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, August 10th. Credit Suisse Group decreased their price target on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $89.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Hold” and an average price target of $96.17.

Emerson Electric Stock Down 1.0 %

Shares of Emerson Electric stock opened at $93.70 on Friday. Emerson Electric has a 52-week low of $72.40 and a 52-week high of $100.00. The company has a 50 day moving average of $82.96 and a 200 day moving average of $84.18. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $55.41 billion, a P/E ratio of 17.32, a P/E/G ratio of 2.59 and a beta of 1.43.

Emerson Electric (NYSE:EMRGet Rating) last announced its quarterly earnings data on Monday, October 31st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.14. Emerson Electric had a net margin of 16.46% and a return on equity of 23.43%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the previous year, the company posted $1.21 EPS. Emerson Electric’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric will post 4.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Sara Yang Bosco sold 10,977 shares of Emerson Electric stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $91.13, for a total transaction of $1,000,334.01. Following the transaction, the vice president now owns 118,205 shares in the company, valued at approximately $10,772,021.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Frank J. Dellaquila sold 4,617 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $91.40, for a total transaction of $421,993.80. Following the transaction, the chief financial officer now directly owns 354,858 shares in the company, valued at approximately $32,434,021.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara Yang Bosco sold 10,977 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $91.13, for a total transaction of $1,000,334.01. Following the completion of the sale, the vice president now directly owns 118,205 shares of the company’s stock, valued at $10,772,021.65. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently modified their holdings of EMR. Vanguard Group Inc. lifted its position in Emerson Electric by 3.0% during the first quarter. Vanguard Group Inc. now owns 53,499,422 shares of the industrial products company’s stock valued at $5,245,619,000 after acquiring an additional 1,547,743 shares during the last quarter. Guinness Asset Management LTD acquired a new stake in Emerson Electric during the third quarter valued at $92,450,000. FMR LLC lifted its holdings in Emerson Electric by 35.5% during the second quarter. FMR LLC now owns 4,227,845 shares of the industrial products company’s stock valued at $336,283,000 after purchasing an additional 1,108,075 shares in the last quarter. Deutsche Bank AG lifted its holdings in Emerson Electric by 52.0% during the second quarter. Deutsche Bank AG now owns 3,170,894 shares of the industrial products company’s stock valued at $252,213,000 after purchasing an additional 1,084,478 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Emerson Electric by 115.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,993,670 shares of the industrial products company’s stock worth $158,577,000 after buying an additional 1,067,279 shares in the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Emerson Electric Company Profile

(Get Rating)

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

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