Emerson Electric (NYSE:EMR) Stock Rating Upgraded by StockNews.com

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

Other analysts also recently issued reports about the company. Barclays upped their price objective on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday. They issued an “outperform” rating and a $155.00 price objective for the company. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Trading Down 1.3 %

Shares of EMR opened at $126.78 on Thursday. Emerson Electric has a 1-year low of $87.17 and a 1-year high of $131.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a 50 day simple moving average of $110.57 and a 200-day simple moving average of $109.84. The stock has a market cap of $72.29 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Several large investors have recently modified their holdings of EMR. Dorsey & Whitney Trust CO LLC increased its stake in shares of Emerson Electric by 1.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 18,028 shares of the industrial products company’s stock worth $2,045,000 after buying an additional 292 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Emerson Electric by 2.0% in the 1st quarter. Banco Santander S.A. now owns 11,635 shares of the industrial products company’s stock valued at $1,320,000 after purchasing an additional 223 shares in the last quarter. Mizuho Markets Americas LLC grew its stake in Emerson Electric by 112.4% in the first quarter. Mizuho Markets Americas LLC now owns 105,877 shares of the industrial products company’s stock worth $12,009,000 after purchasing an additional 56,032 shares in the last quarter. First Foundation Advisors increased its holdings in Emerson Electric by 11.4% in the first quarter. First Foundation Advisors now owns 5,075 shares of the industrial products company’s stock valued at $576,000 after buying an additional 521 shares during the last quarter. Finally, Nicolet Advisory Services LLC lifted its holdings in Emerson Electric by 20.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 3,361 shares of the industrial products company’s stock worth $384,000 after buying an additional 572 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.