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

Emerson Electric (NYSE:EMR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other brokerages have also recently issued reports on EMR. Citigroup initiated coverage on Emerson Electric in a research note on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective on the stock. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.94.

Emerson Electric Stock Performance

EMR opened at $94.47 on Thursday. The company has a market cap of $53.27 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.49 and a beta of 1.36. The company’s fifty day moving average price is $118.39 and its two-hundred day moving average price is $119.63. Emerson Electric has a 1-year low of $92.23 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Private Trust Co. boosted its position in shares of Emerson Electric by 11.9% during the first quarter. Legacy Private Trust Co. now owns 21,138 shares of the industrial products company’s stock valued at $2,318,000 after purchasing an additional 2,245 shares in the last quarter. Versant Capital Management Inc increased its position in Emerson Electric by 38.0% during the 1st quarter. Versant Capital Management Inc now owns 6,155 shares of the industrial products company’s stock valued at $675,000 after buying an additional 1,694 shares in the last quarter. Boston Common Asset Management LLC raised its stake in Emerson Electric by 14.7% during the first quarter. Boston Common Asset Management LLC now owns 156,046 shares of the industrial products company’s stock valued at $17,109,000 after buying an additional 20,011 shares during the last quarter. Kera Capital Partners Inc. grew its stake in shares of Emerson Electric by 14.0% in the first quarter. Kera Capital Partners Inc. now owns 1,895 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 233 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in Emerson Electric in the 4th quarter worth about $62,000. 74.30% of the stock is owned by hedge funds and other 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.