Emerson Electric (EMR) Stock Rating Reaffirmed by Cowen

Emerson Electric (NYSE:EMR)‘s stock had its “buy” rating reiterated by research analysts at Cowen in a research report issued on Wednesday. They currently have a $72.00 price objective on the industrial products company’s stock. Cowen’s target price would suggest a potential upside of 9.46% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. J P Morgan Chase & Co assumed coverage on shares of Emerson Electric in a report on Wednesday, November 29th. They issued a “neutral” rating on the stock. Stifel Nicolaus restated a “buy” rating and issued a $72.00 target price (up previously from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Finally, Berenberg Bank restated a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.21.

Emerson Electric (NYSE:EMR) opened at $65.78 on Wednesday. Emerson Electric has a fifty-two week low of $55.40 and a fifty-two week high of $67.79. The firm has a market cap of $42,220.00, a PE ratio of 25.07, a PEG ratio of 3.04 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. sell-side analysts forecast that Emerson Electric will post 2.91 EPS for the current fiscal year.

In other Emerson Electric news, VP Bell Katherine Button sold 7,909 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the sale, the vice president now directly owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the completion of the sale, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EMR. Midwest Investment Management LLC bought a new position in shares of Emerson Electric during the 1st quarter valued at approximately $208,000. Tredje AP fonden grew its position in shares of Emerson Electric by 2.8% during the 1st quarter. Tredje AP fonden now owns 50,208 shares of the industrial products company’s stock valued at $3,005,000 after acquiring an additional 1,373 shares during the period. Westpac Banking Corp grew its position in shares of Emerson Electric by 16.0% during the 1st quarter. Westpac Banking Corp now owns 46,120 shares of the industrial products company’s stock valued at $2,508,000 after acquiring an additional 6,349 shares during the period. Alliancebernstein L.P. grew its position in shares of Emerson Electric by 11.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,266,393 shares of the industrial products company’s stock valued at $75,806,000 after acquiring an additional 132,891 shares during the period. Finally, AXA grew its position in shares of Emerson Electric by 21.7% during the 1st quarter. AXA now owns 454,037 shares of the industrial products company’s stock valued at $27,179,000 after acquiring an additional 81,032 shares during the period. 69.00% of the stock is owned by hedge funds and other institutional investors.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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