Emerson Electric Co. (NYSE:EMR) has been assigned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the company. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $57.30.
A number of equities analysts have commented on EMR shares. Berenberg Bank reiterated a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric in a report on Wednesday, February 22nd. Stifel Nicolaus boosted their price objective on shares of Emerson Electric from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Zacks Investment Research upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, February 14th. Goldman Sachs Group Inc upgraded shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $60.00 price objective on the stock in a report on Friday, January 27th. Finally, Bank of America Corp upgraded shares of Emerson Electric from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $45.00 to $60.00 in a report on Monday, January 9th.
Shares of Emerson Electric (NYSE:EMR) traded up 1.58% during midday trading on Monday, hitting $59.13. The company had a trading volume of 1,372,019 shares. The company has a 50-day moving average of $59.50 and a 200-day moving average of $56.93. The company has a market capitalization of $38.14 billion, a PE ratio of 23.99 and a beta of 1.17. Emerson Electric has a 12 month low of $48.45 and a 12 month high of $64.36.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, February 7th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Emerson Electric had a net margin of 8.50% and a return on equity of 24.26%. The firm earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. Analysts predict that Emerson Electric will post $2.59 earnings per share for the current year.
In other Emerson Electric news, VP Steven J. Pelch sold 7,839 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $63.31, for a total value of $496,287.09. Following the completion of the transaction, the vice president now owns 72,647 shares in the company, valued at approximately $4,599,281.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest Quadrant Wealth Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at approximately $111,000. First Command Financial Services Inc. boosted its position in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the period. Financial Architects Inc boosted its position in Emerson Electric by 15.9% in the third quarter. Financial Architects Inc now owns 1,964 shares of the industrial products company’s stock valued at $108,000 after buying an additional 270 shares during the period. Elgethun Capital Management purchased a new position in Emerson Electric during the fourth quarter valued at approximately $114,000. Finally, RidgeWorth Capital Management LLC boosted its position in Emerson Electric by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the industrial products company’s stock valued at $122,000 after buying an additional 410 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.
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.
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