Emerson Electric (NYSE:EMR) Stock Rating Raised to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Emerson Electric (NYSE:EMR) from a hold rating to a strong-buy rating in a report issued on Sunday morning,Zacks reports.

Several other research analysts also recently commented on the company. HSBC lifted their target price on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Royal Bank Of Canada increased their price target on Emerson Electric from $179.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Weiss Ratings raised Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Sanford C. Bernstein raised their price objective on Emerson Electric from $169.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Rothschild & Co Redburn lifted their price objective on Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $172.17.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $166.02 on Friday. The firm has a market cap of $92.99 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.33 and a beta of 1.23. The firm’s fifty day moving average is $157.23 and its 200-day moving average is $147.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric has a 52 week low of $122.64 and a 52 week high of $171.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.03. The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Sell-side analysts predict that Emerson Electric will post 6.56 earnings per share for the current year.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. lifted its stake in Emerson Electric by 21.0% in the third quarter. Raleigh Capital Management Inc. now owns 363 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 63 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Emerson Electric by 1.1% during the third quarter. SeaCrest Wealth Management LLC now owns 5,828 shares of the industrial products company’s stock valued at $904,000 after buying an additional 64 shares during the period. TOWER TRUST & INVESTMENT Co boosted its position in Emerson Electric by 0.8% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company’s stock valued at $1,278,000 after buying an additional 66 shares during the period. Forvis Mazars Wealth Advisors LLC grew its stake in shares of Emerson Electric by 0.6% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 12,044 shares of the industrial products company’s stock valued at $1,868,000 after buying an additional 67 shares during the last quarter. Finally, Raiffeisen Bank International AG increased its holdings in shares of Emerson Electric by 0.5% in the second quarter. Raiffeisen Bank International AG now owns 14,777 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 68 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Company Profile

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.