Emerson Electric (NYSE:EMR) Downgraded by Argus to “Hold”

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Argus cut shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a report released on Tuesday, BenzingaRatingsTable reports.

A number of other research firms have also issued reports on EMR. Cowen restated a buy rating and issued a $72.00 price target on shares of Emerson Electric in a research report on Friday, August 9th. Morgan Stanley dropped their price target on Emerson Electric from $84.00 to $76.00 and set an overweight rating for the company in a research report on Thursday, August 8th. Citigroup dropped their price target on Emerson Electric from $79.00 to $77.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Credit Suisse Group dropped their price target on Emerson Electric from $74.00 to $70.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. Finally, Deutsche Bank dropped their price target on Emerson Electric from $74.00 to $73.00 and set a buy rating for the company in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $73.40.

EMR stock opened at $59.19 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $64.41. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.00 and a beta of 1.32. Emerson Electric has a 1 year low of $55.38 and a 1 year high of $79.70.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.94. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.82 billion. Emerson Electric had a return on equity of 24.67% and a net margin of 12.06%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. Equities research analysts forecast that Emerson Electric will post 3.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Thursday, August 15th. Emerson Electric’s dividend payout ratio is presently 57.99%.

In other Emerson Electric news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $290,550.00. Following the transaction, the vice president now directly owns 18,040 shares in the company, valued at $1,172,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the transaction, the insider now owns 129,298 shares in the company, valued at $8,249,212.40. The disclosure for this sale can be found here. Insiders have sold 40,333 shares of company stock worth $2,583,230 over the last 90 days. 0.07% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Glassman Wealth Services increased its position in shares of Emerson Electric by 240.7% during the first quarter. Glassman Wealth Services now owns 402 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 284 shares during the period. Larson Financial Group LLC increased its holdings in Emerson Electric by 80.3% in the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock valued at $29,000 after buying an additional 196 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Emerson Electric in the first quarter valued at $34,000. Westside Investment Management Inc. purchased a new position in Emerson Electric in the second quarter valued at $34,000. Finally, Buffington Mohr McNeal purchased a new position in Emerson Electric in the first quarter valued at $41,000. 70.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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