Emerson Electric (NYSE:EMR)‘s stock had its “buy” rating restated by investment analysts at Cowen in a report released on Wednesday, December 20th. They currently have a $72.00 price target on the industrial products company’s stock. Cowen’s price objective indicates a potential downside of 2.58% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price on shares of Emerson Electric in a research note on Monday, December 11th. Goldman Sachs Group reissued a “neutral” rating and set a $66.00 target price on shares of Emerson Electric in a research note on Friday, December 8th. JPMorgan Chase & Co. began coverage on Emerson Electric in a research note on Wednesday, November 29th. They set a “neutral” rating on the stock. Citigroup set a $61.00 target price on Emerson Electric and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Finally, Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $65.86.
Emerson Electric (NYSE EMR) traded up $0.03 during midday trading on Wednesday, hitting $73.91. The stock had a trading volume of 3,500,000 shares, compared to its average volume of 3,080,000. The stock has a market cap of $47,440.00, a PE ratio of 28.87, a PEG ratio of 2.72 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric has a fifty-two week low of $56.00 and a fifty-two week high of $74.45.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. analysts expect that Emerson Electric will post 2.92 EPS for the current fiscal year.
In related news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the transaction, the vice president now owns 44,628 shares in the company, valued at approximately $2,891,001.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now owns 178,743 shares in the company, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold a total of 27,017 shares of company stock worth $1,771,129 in the last three months. Corporate insiders own 0.79% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EMR. Captrust Financial Advisors purchased a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $177,119,000. Vanguard Group Inc. grew its stake in shares of Emerson Electric by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of Emerson Electric by 217.1% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock valued at $145,480,000 after purchasing an additional 1,684,786 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Emerson Electric by 9.0% in the 3rd quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock valued at $864,573,000 after purchasing an additional 1,134,275 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Emerson Electric in the 3rd quarter valued at approximately $49,644,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.
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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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