Emerson Electric (NYSE:EMR) Downgraded by StockNews.com to Hold

Emerson Electric (NYSE:EMR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently commented on the company. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target on the stock. KeyCorp boosted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Stock Performance

NYSE EMR opened at $132.62 on Friday. The firm has a market cap of $75.62 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. The company has a 50-day simple moving average of $116.88 and a two-hundred day simple moving average of $111.42. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a 12-month low of $87.59 and a 12-month high of $134.17.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.25% 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. Newport Trust Company LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $574,908,000. Pathway Financial Advisers LLC grew its stake in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after buying an additional 2,016,075 shares during the last quarter. State Street Corp grew its stake in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.