Emerson Electric Co. (EMR) Upgraded to “Sell” at Vetr Inc.
Emerson Electric Co. (NYSE:EMR) was upgraded by equities researchers at Vetr from a “strong sell” rating to a “sell” rating in a report issued on Monday. The brokerage presently has a $47.31 price target on the stock. Vetr‘s price objective suggests a potential downside of 8.62% from the company’s previous close.
Several other research analysts have also recently weighed in on EMR. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Emerson Electric in a report on Wednesday, June 22nd. Bank of America Corp. restated a “sell” rating on shares of Emerson Electric in a report on Wednesday, June 22nd. Robert W. Baird restated a “neutral” rating and set a $58.00 target price on shares of Emerson Electric in a report on Monday, June 27th. Sanford C. Bernstein restated a “market perform” rating on shares of Emerson Electric in a report on Monday, June 27th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Emerson Electric in a report on Sunday, July 10th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and an average price target of $51.91.
Emerson Electric (NYSE:EMR) traded down 1.76% during mid-day trading on Monday, reaching $51.77. The company had a trading volume of 3,952,117 shares. Emerson Electric has a 52 week low of $41.25 and a 52 week high of $56.82. The stock’s 50-day moving average price is $52.61 and its 200 day moving average price is $53.37. The firm has a market capitalization of $33.32 billion, a PE ratio of 18.33 and a beta of 1.19.
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Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. On average, equities research analysts predict that Emerson Electric will post $2.92 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Emerson Electric by 4.0% in the first quarter. Legal & General Group Plc now owns 3,131,579 shares of the company’s stock valued at $170,297,000 after buying an additional 120,455 shares in the last quarter. John G Ullman & Associates Inc. increased its position in Emerson Electric by 14.3% in the second quarter. John G Ullman & Associates Inc. now owns 341,288 shares of the company’s stock valued at $17,802,000 after buying an additional 42,600 shares in the last quarter. Babson Capital Management LLC increased its position in Emerson Electric by 833.7% in the first quarter. Babson Capital Management LLC now owns 42,222 shares of the company’s stock valued at $2,296,000 after buying an additional 37,700 shares in the last quarter. Nomura Holdings Inc. increased its position in Emerson Electric by 479.7% in the second quarter. Nomura Holdings Inc. now owns 422,945 shares of the company’s stock valued at $21,933,000 after buying an additional 349,991 shares in the last quarter. Finally, Seaward Management Limited Partnership increased its position in Emerson Electric by 1.6% in the second quarter. Seaward Management Limited Partnership now owns 281,846 shares of the company’s stock valued at $14,701,000 after buying an additional 4,524 shares in the last quarter. Institutional investors own 69.40% of the company’s stock.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
To view Vetr’s full report, visit Vetr’s official website.
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