Emerson Electric (EMR) Raised to Buy at ValuEngine

Emerson Electric (NYSE:EMR) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

EMR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Citigroup lowered their target price on shares of Emerson Electric from $68.00 to $67.00 and set a “sell” rating for the company in a report on Wednesday, May 2nd. Stifel Nicolaus lifted their target price on shares of Emerson Electric from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 3rd. Berenberg Bank raised shares of Emerson Electric from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a report on Tuesday, April 24th. They noted that the move was a valuation call. Finally, Cowen reaffirmed a “buy” rating and set a $78.00 target price on shares of Emerson Electric in a report on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $73.00.

EMR opened at $69.44 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 0.98. Emerson Electric has a 52 week low of $57.47 and a 52 week high of $74.45. The firm has a market cap of $43.56 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 2.06 and a beta of 1.18.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, May 1st. The industrial products company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. Emerson Electric had a net margin of 10.83% and a return on equity of 21.69%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. equities analysts expect that Emerson Electric will post 3.18 EPS for the current year.

In other news, insider Michael H. Train sold 24,166 shares of the business’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $71.46, for a total value of $1,726,902.36. Following the completion of the transaction, the insider now owns 121,626 shares of the company’s stock, valued at approximately $8,691,393.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Trading LLC boosted its stake in Emerson Electric by 124.3% in the 4th quarter. Jump Trading LLC now owns 7,141 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 3,957 shares during the period. Millennium Management LLC boosted its stake in Emerson Electric by 369.9% in the 4th quarter. Millennium Management LLC now owns 1,127,865 shares of the industrial products company’s stock worth $78,601,000 after purchasing an additional 887,865 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in Emerson Electric by 22.8% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 4,720 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 875 shares during the period. Strategic Capital Advisers Inc. acquired a new position in Emerson Electric in the 4th quarter worth $1,171,000. Finally, Lazard Asset Management LLC boosted its stake in Emerson Electric by 649.0% in the 4th quarter. Lazard Asset Management LLC now owns 180,800 shares of the industrial products company’s stock worth $12,599,000 after purchasing an additional 156,661 shares during the period. 69.60% of the stock is owned by hedge funds and other institutional investors.

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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