Emerson Electric Company (EMR) Given Consensus Rating of “Hold” by Analysts

Emerson Electric Company (NYSE:EMR) has received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $66.46.

A number of equities research analysts recently commented on EMR shares. Bank of America upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, October 23rd. Vertical Research upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, UBS Group started coverage on Emerson Electric in a report on Monday, January 22nd. They issued a “buy” rating and a $73.26 price objective for the company.

Emerson Electric (NYSE EMR) traded down $2.01 during midday trading on Tuesday, reaching $70.57. The company had a trading volume of 4,813,571 shares, compared to its average volume of 3,027,114. The company has a market capitalization of $45,068.47, a P/E ratio of 30.03, a PEG ratio of 2.56 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric has a fifty-two week low of $56.77 and a fifty-two week high of $74.45.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. equities research analysts predict that Emerson Electric will post 2.96 EPS for the current year.

In other news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now directly owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,017 shares of company stock valued at $1,771,129. Insiders own 0.79% of the company’s stock.

Several hedge funds have recently bought and sold shares of EMR. Candriam Luxembourg S.C.A. boosted its position in shares of Emerson Electric by 58.4% during the second quarter. Candriam Luxembourg S.C.A. now owns 282,863 shares of the industrial products company’s stock worth $16,865,000 after buying an additional 104,330 shares during the period. Telemus Capital LLC boosted its position in shares of Emerson Electric by 4.0% during the second quarter. Telemus Capital LLC now owns 4,143 shares of the industrial products company’s stock worth $247,000 after buying an additional 160 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its position in shares of Emerson Electric by 1.0% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 49,514 shares of the industrial products company’s stock worth $2,952,000 after buying an additional 490 shares during the period. Capital Investment Advisory Services LLC acquired a new position in shares of Emerson Electric during the second quarter worth about $204,000. Finally, Peak Asset Management LLC boosted its position in shares of Emerson Electric by 6.8% during the second quarter. Peak Asset Management LLC now owns 97,531 shares of the industrial products company’s stock worth $5,815,000 after buying an additional 6,213 shares during the period. 69.29% of the stock is owned by institutional investors.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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