Emerson Electric (EMR) Given Buy Rating at Cowen

Emerson Electric (NYSE:EMR)‘s stock had its “buy” rating reissued by Cowen in a research note issued to investors on Tuesday. They presently have a $81.00 price objective on the industrial products company’s stock. Cowen’s price target indicates a potential upside of 16.87% from the company’s previous close.

Several other research firms have also weighed in on EMR. Bank of America upped their price objective on Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, October 4th. Barclays upped their price objective on Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 24th. UBS Group upped their price objective on Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Morgan Stanley began coverage on Emerson Electric in a research note on Monday, August 20th. They issued an “overweight” rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $78.57.

EMR stock opened at $69.31 on Tuesday. Emerson Electric has a 1-year low of $57.47 and a 1-year high of $79.70. The company has a market capitalization of $44.33 billion, a PE ratio of 20.51, a P/E/G ratio of 1.85 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.07.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts forecast that Emerson Electric will post 3.76 earnings per share for the current year.

In other Emerson Electric news, VP Steven J. Pelch sold 6,409 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was 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 in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,409 shares of company stock worth $7,317,004. 0.79% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Emerson Electric by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after buying an additional 417,445 shares in the last quarter. Northern Trust Corp lifted its holdings in Emerson Electric by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after buying an additional 80,807 shares in the last quarter. American Century Companies Inc. lifted its holdings in Emerson Electric by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after buying an additional 51,585 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Emerson Electric by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after buying an additional 62,727 shares in the last quarter. Finally, FMR LLC lifted its holdings in Emerson Electric by 22.2% during the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock worth $237,202,000 after buying an additional 622,701 shares in the last quarter. 70.33% of the stock is currently owned by hedge funds and other institutional investors.

About Emerson Electric

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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