Emerson Electric (NYSE:EMR) was upgraded by Berenberg Bank from a “sell” rating to a “hold” rating in a research note issued on Tuesday. The analysts noted that the move was a valuation call.
EMR has been the subject of a number of other reports. Cowen reiterated a “buy” rating and issued a $78.00 target price on shares of Emerson Electric in a research note on Wednesday, April 18th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Tuesday, April 17th. Robert W. Baird lifted their target price on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. Finally, Wells Fargo reiterated a “market perform” rating and issued a $73.00 target price (up from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Emerson Electric presently has a consensus rating of “Hold” and a consensus price target of $71.07.
Shares of Emerson Electric stock opened at $69.90 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Emerson Electric has a 52-week low of $56.77 and a 52-week high of $74.45. The company has a market capitalization of $44,565.60, a PE ratio of 26.48, a PEG ratio of 2.13 and a beta of 1.18.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Keeler Thomas Management LLC acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $818,000. Baugh & Associates LLC acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $2,144,000. Jump Trading LLC lifted its stake in Emerson Electric by 124.3% during the 4th quarter. Jump Trading LLC now owns 7,141 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 3,957 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $202,000. Finally, Moors & Cabot Inc. lifted its stake in Emerson Electric by 2.3% during the 4th quarter. Moors & Cabot Inc. now owns 62,509 shares of the industrial products company’s stock valued at $4,353,000 after acquiring an additional 1,434 shares during the period. Institutional investors and hedge funds own 69.86% of the company’s stock.
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Emerson Electric Company Profile
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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