Emerson Electric (NYSE:EMR) Rating Increased to Buy at StockNews.com

Emerson Electric (NYSE:EMR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

EMR has been the topic of a number of other reports. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Citigroup assumed coverage on Emerson Electric in a research note on Monday, March 17th. They issued a "buy" rating and a $132.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.72.

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Emerson Electric Stock Performance

Shares of EMR stock traded down $2.41 during mid-day trading on Thursday, hitting $94.56. The stock had a trading volume of 1,958,291 shares, compared to its average volume of 2,857,848. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company's 50-day simple moving average is $117.75 and its 200-day simple moving average is $119.79. The firm has a market cap of $53.32 billion, a PE ratio of 22.47, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Somerset Trust Co increased its position in shares of Emerson Electric by 2.7% in the first quarter. Somerset Trust Co now owns 26,785 shares of the industrial products company's stock worth $2,937,000 after acquiring an additional 693 shares in the last quarter. Parallel Advisors LLC increased its holdings in Emerson Electric by 25.5% in the 1st quarter. Parallel Advisors LLC now owns 34,784 shares of the industrial products company's stock valued at $3,814,000 after purchasing an additional 7,075 shares in the last quarter. First County Bank CT purchased a new position in Emerson Electric in the first quarter valued at about $2,007,000. Tompkins Financial Corp lifted its stake in shares of Emerson Electric by 0.6% during the first quarter. Tompkins Financial Corp now owns 21,812 shares of the industrial products company's stock worth $2,391,000 after purchasing an additional 125 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Emerson Electric by 12,707.7% in the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock worth $123,503,000 after buying an additional 1,117,646 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

About Emerson Electric

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.