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

Emerson Electric (NYSE:EMR - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.

A number of other research analysts have also issued reports on EMR. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an "underweight" rating and a $105.00 target price on the stock. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $134.58.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded down $0.33 on Wednesday, hitting $123.93. The company's stock had a trading volume of 2,171,566 shares, compared to its average volume of 2,768,892. The company has a market capitalization of $70.58 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The firm has a fifty day moving average price of $125.35 and a 200-day moving average price of $114.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric has a 1 year low of $91.64 and a 1 year high of $134.85.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently made changes to their positions in EMR. Newport Trust Company LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at $574,908,000. Pathway Financial Advisers LLC increased its stake in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock worth $226,443,000 after purchasing an additional 2,051,764 shares during the period. Van ECK Associates Corp lifted its position in shares of Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. State Street Corp grew its holdings in shares of Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB increased its stake in Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.

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