Emerson Electric (NYSE:EMR) Downgraded by StockNews.com to Hold

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

EMR has been the topic of several other reports. UBS Group began coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Robert W. Baird increased their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. BNP Paribas began coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Stock Performance

Shares of EMR opened at $132.62 on Friday. The business’s fifty day simple moving average is $116.88 and its two-hundred day simple moving average is $111.42. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric has a 12 month low of $87.59 and a 12 month high of $134.17. The company has a market cap of $75.62 billion, a price-to-earnings ratio of 38.78, a P/E/G ratio of 2.23 and a beta of 1.30.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric during the third quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $29,000. Meeder Asset Management Inc. grew its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.