Emerson Electric (EMR) Now Covered by Analysts at Credit Suisse Group

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Credit Suisse Group began coverage on shares of Emerson Electric (NYSE:EMR) in a report issued on Friday morning, Marketbeat.com reports. The firm issued a neutral rating and a $78.00 price objective on the industrial products company’s stock.

EMR has been the topic of a number of other reports. Zacks Investment Research cut Emerson Electric from a buy rating to a hold rating in a research report on Friday, October 5th. Argus increased their price target on Emerson Electric from $81.00 to $83.00 and gave the stock a buy rating in a research report on Tuesday, August 14th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Monday, August 20th. They set an overweight rating and a $85.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Emerson Electric from $79.00 to $82.00 and gave the stock an overweight rating in a report on Friday, August 10th. Finally, ValuEngine raised Emerson Electric from a hold rating to a buy rating in a report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $78.67.

Shares of Emerson Electric stock traded up $0.72 on Friday, reaching $71.92. 3,542,298 shares of the company were exchanged, compared to its average volume of 3,077,018. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $48.13 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.25 and a beta of 1.15. Emerson Electric has a 1-year low of $57.47 and a 1-year high of $79.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Sell-side analysts predict that Emerson Electric will post 3.19 earnings per share for the current year.

In related news, President Edward L. Monser sold 30,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the completion of the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Edward L. Monser sold 60,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. Insiders sold a total of 96,409 shares of company stock valued at $7,317,004 over the last three months. Corporate insiders own 0.84% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Independent Advisor Alliance boosted its stake in Emerson Electric by 38.0% during the 2nd quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock valued at $2,522,000 after purchasing an additional 10,250 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Emerson Electric by 3.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 81,289 shares of the industrial products company’s stock valued at $5,546,000 after purchasing an additional 2,652 shares in the last quarter. Cohen Klingenstein LLC bought a new position in Emerson Electric during the 2nd quarter valued at $1,258,000. AMP Capital Investors Ltd boosted its stake in Emerson Electric by 12.7% during the 2nd quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock valued at $16,563,000 after purchasing an additional 27,052 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Emerson Electric by 1,033.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 21,073 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 19,214 shares in the last quarter. 70.35% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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