Emerson Electric Company (NYSE:EMR)‘s stock had its “overweight” rating restated by research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday.

Several other analysts have also recently commented on EMR. Royal Bank Of Canada restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric Company in a research note on Tuesday, June 6th. Cowen and Company restated a “hold” rating and set a $62.00 price objective on shares of Emerson Electric Company in a research note on Tuesday, April 25th. BidaskClub cut shares of Emerson Electric Company from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. JMP Securities began coverage on shares of Emerson Electric Company in a research note on Monday, June 19th. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Emerson Electric Company from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.23.

Emerson Electric Company (NYSE EMR) opened at 59.82 on Tuesday. The company’s 50-day moving average is $59.24 and its 200-day moving average is $59.20. The company has a market cap of $38.55 billion, a P/E ratio of 25.55 and a beta of 1.20. Emerson Electric Company has a 12 month low of $49.22 and a 12 month high of $64.36.

Emerson Electric Company (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Emerson Electric Company had a net margin of 8.72% and a return on equity of 23.37%. The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the business posted $0.57 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Company will post $2.60 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in EMR. Norges Bank bought a new position in shares of Emerson Electric Company during the fourth quarter valued at $269,944,000. Vanguard Group Inc. boosted its stake in shares of Emerson Electric Company by 5.8% in the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after buying an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Emerson Electric Company by 135.9% in the first quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock valued at $177,372,000 after buying an additional 1,706,810 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Emerson Electric Company during the fourth quarter valued at about $88,748,000. Finally, American Century Companies Inc. boosted its stake in shares of Emerson Electric Company by 19.4% in the first quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock valued at $259,724,000 after buying an additional 705,924 shares in the last quarter. 68.93% of the stock is owned by institutional investors.

Emerson Electric Company 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 Company (NYSE:EMR)

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