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

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

A number of other research analysts also recently weighed in on EMR. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays reduced their price target on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a report on Thursday. Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective on the stock. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $132.39.

Emerson Electric Stock Up 0.6 %

Shares of EMR opened at $100.33 on Friday. The stock’s 50-day moving average price is $114.17 and its 200-day moving average price is $119.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $56.57 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, sell-side analysts predict that Emerson Electric will post 5.96 EPS for the current year.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently added to or reduced their stakes in EMR. Sara Bay Financial increased its position in Emerson Electric by 1.7% during the first quarter. Sara Bay Financial now owns 24,571 shares of the industrial products company’s stock worth $2,669,000 after purchasing an additional 412 shares during the last quarter. Impact Capital Partners LLC grew its stake in shares of Emerson Electric by 9.3% in the 1st quarter. Impact Capital Partners LLC now owns 1,838 shares of the industrial products company’s stock valued at $202,000 after buying an additional 156 shares during the period. Magnus Financial Group LLC increased its holdings in shares of Emerson Electric by 7.9% during the 1st quarter. Magnus Financial Group LLC now owns 1,892 shares of the industrial products company’s stock worth $207,000 after buying an additional 138 shares during the last quarter. Curat Global LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at approximately $597,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Emerson Electric by 28.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,405 shares of the industrial products company’s stock valued at $3,224,000 after acquiring an additional 6,544 shares during the last quarter. 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.