StockNews.com Upgrades Emerson Electric (NYSE:EMR) to Buy

Emerson Electric (NYSE:EMR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Sunday.

A number of other equities analysts have also commented on EMR. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Wells Fargo & Company upped their price target on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.17.

Emerson Electric Stock Down 1.6 %

EMR stock opened at $130.98 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $74.60 billion, a P/E ratio of 38.30, a PEG ratio of 2.26 and a beta of 1.34. The firm has a 50 day simple moving average of $119.51 and a 200-day simple moving average of $112.08. Emerson Electric has a twelve month low of $87.71 and a twelve month high of $134.85.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $33,000. 74.30% of the stock is currently owned by institutional investors.

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.