Emerson Electric (NYSE:EMR) Rating Lowered to Hold at Wall Street Zen

Emerson Electric (NYSE:EMR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, September 30th. Rothschild & Co Redburn increased their target price on shares of Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Mizuho raised their price target on Emerson Electric from $173.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. TD Cowen boosted their price target on Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, September 25th. Finally, Evercore reduced their price objective on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $175.38.

Emerson Electric Stock Performance

Shares of EMR opened at $162.28 on Friday. The company’s 50 day simple moving average is $157.91 and its 200-day simple moving average is $147.61. The firm has a market cap of $90.89 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23. Emerson Electric has a 12-month low of $122.64 and a 12-month high of $172.00. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. As a group, equities analysts predict that Emerson Electric will post 7.34 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Emerson Electric

Several hedge funds and other institutional investors have recently made changes to their positions in EMR. PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of Emerson Electric by 9.4% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock worth $14,563,000 after purchasing an additional 8,700 shares during the period. BlackRock Inc. bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $6,193,425,000. Corient Private Wealth LP acquired a new position in Emerson Electric during the 2nd quarter valued at approximately $129,817,000. Generali Investments Management Co LLC grew its stake in Emerson Electric by 91.2% during the 2nd quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock worth $4,486,000 after buying an additional 14,952 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Emerson Electric by 4.0% in the second quarter. NewEdge Advisors LLC now owns 438,351 shares of the industrial products company’s stock worth $62,750,000 after buying an additional 16,806 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric News Summary

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.