Emerson Electric (EMR) Lifted to “Overweight” at JPMorgan Chase & Co.

Emerson Electric (NYSE:EMR) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday, MarketBeat.com reports.

EMR has been the subject of several other research reports. Edward Jones cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $65.00 price objective (up previously from $60.00) on shares of Emerson Electric in a research report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Thursday, October 12th. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.44 to $79.00 in a research report on Tuesday, October 17th. Finally, Cowen reaffirmed a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.65.

Emerson Electric (NYSE:EMR) traded up $2.67 during trading on Friday, hitting $69.07. 5,968,221 shares of the stock traded hands, compared to its average volume of 3,300,000. Emerson Electric has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.32. The stock has a market cap of $46,110.00, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. research analysts forecast that Emerson Electric will post 3.12 earnings per share for the current year.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at approximately $11,109,008.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the sale, the vice president now owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.79% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $109,000. Cerebellum GP LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $129,000. Intellectus Partners LLC raised its holdings in shares of Emerson Electric by 0.3% in the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $146,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at $129,000. Institutional investors own 69.23% of the company’s stock.

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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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