Emerson Electric (EMR) Upgraded at Zacks Investment Research

Emerson Electric (NYSE:EMR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $78.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.93% from the stock’s current price.

According to Zacks, “Emerson’s first-quarter fiscal 2018 earnings topped the Zacks Consensus Estimate by 7.4%. The outperformance can be attributed to the company’s decent top-line performance. Notably, Emerson’s shares have outpaced the industry in the past six months. Going forward, company is well positioned to benefit from the global infrastructure growth, as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. The company’s aggressive restructuring actions and strategic divestures look successful. Thriving HVAC and refrigeration business, strength in United States & Asia and high infrastructure spending is expected to drive growth ahead. Despite these positives, prolonged softness in the oil and gas markets, has affected both capital spending and operational expenditure of clients. Moreover, stiff competition and escalating restructuring expenses may weigh on its financials.”

A number of other analysts have also weighed in on EMR. JMP Securities lowered Emerson Electric from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Robert W. Baird increased their price objective on Emerson Electric from $70.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group began coverage on Emerson Electric in a research note on Monday, January 22nd. They set a “buy” rating and a $73.26 price objective for the company. Wells Fargo & Co reissued a “market perform” rating and set a $73.00 price objective (up previously from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. Finally, Citigroup set a $61.00 price objective on Emerson Electric and gave the company a “sell” rating in a research note on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.65.

Emerson Electric (EMR) traded up $2.67 during trading hours on Thursday, hitting $69.07. The stock had a trading volume of 5,968,221 shares, compared to its average volume of 3,569,390. The stock has a market capitalization of $43,848.26, a price-to-earnings ratio of 27.85, a PEG ratio of 2.38 and a beta of 1.19. Emerson Electric has a 52-week low of $56.77 and a 52-week 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.

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

In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bell Katherine Button sold 7,518 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the transaction, the vice president now owns 36,877 shares of the company’s stock, valued at approximately $2,447,157.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EMR. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric during the second quarter valued at $109,000. Intellectus Partners LLC increased its holdings in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric during the second quarter valued at $129,000. Cerebellum GP LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at $129,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at $146,000. Institutional investors and hedge funds own 69.23% of the company’s stock.

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About Emerson Electric

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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