Cowen reiterated their buy rating on shares of Emerson Electric (NYSE:EMR) in a research note published on Wednesday. The brokerage currently has a $78.00 target price on the industrial products company’s stock.
A number of other equities research analysts have also recently commented on EMR. Zacks Investment Research raised shares of Emerson Electric from a hold rating to a buy rating and set a $77.00 price objective on the stock in a research note on Tuesday. Robert W. Baird increased their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. JMP Securities cut shares of Emerson Electric from an outperform rating to a market perform rating and lowered their price objective for the company from $74.45 to $56.77 in a research note on Thursday, February 1st. Wells Fargo reissued a market perform rating and issued a $73.00 price objective (up from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. Finally, Barclays assumed coverage on shares of Emerson Electric in a report on Thursday, February 15th. They issued an overweight rating and a $80.00 target price on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $71.07.
Shares of NYSE EMR opened at $70.65 on Wednesday. The stock has a market capitalization of $44,051.38, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18. 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 1.02 and a current ratio of 1.32.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. equities research analysts expect that Emerson Electric will post 3.12 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in EMR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Emerson Electric by 4.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 96,628 shares of the industrial products company’s stock worth $6,072,000 after acquiring an additional 3,939 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Emerson Electric by 6.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 581,712 shares of the industrial products company’s stock worth $36,555,000 after acquiring an additional 34,855 shares during the period. Norris Perne & French LLP MI lifted its holdings in shares of Emerson Electric by 2.4% during the 3rd quarter. Norris Perne & French LLP MI now owns 84,468 shares of the industrial products company’s stock worth $5,308,000 after acquiring an additional 1,988 shares during the period. Cape Cod Five Cents Savings Bank lifted its holdings in shares of Emerson Electric by 11.0% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 37,156 shares of the industrial products company’s stock worth $2,334,000 after acquiring an additional 3,697 shares during the period. Finally, Good Life Advisors LLC purchased a new position in shares of Emerson Electric during the 3rd quarter worth about $201,000. Institutional investors own 69.97% of the company’s stock.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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