Emerson Electric Company (EMR) Given Consensus Recommendation of “Hold” by Analysts
Emerson Electric Company (NYSE:EMR) has been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $61.65.
EMR has been the topic of several research reports. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Bank of America Corporation raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd.
In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the transaction, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.79% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in Emerson Electric in the 2nd quarter worth approximately $109,000. Intellectus Partners LLC grew its stake in Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Emerson Electric in the 1st quarter worth approximately $127,000. Mountain Capital Investment Advisors Inc purchased a new position in Emerson Electric in the 2nd quarter worth approximately $129,000. Finally, AT Bancorp purchased a new position in Emerson Electric in the 2nd quarter worth approximately $139,000. 70.03% of the stock is owned by institutional investors and hedge funds.
Emerson Electric (NYSE:EMR) traded up 0.95% on Friday, reaching $65.78. 2,648,105 shares of the company’s stock traded hands. The stock has a market cap of $42.10 billion, a price-to-earnings ratio of 29.35 and a beta of 1.22. The company’s 50 day moving average is $62.90 and its 200-day moving average is $60.28. Emerson Electric has a 52-week low of $49.38 and a 52-week high of $66.10.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts expect that Emerson Electric will post $2.61 EPS for the current year.
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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.
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