StockNews.com Upgrades Emerson Electric (NYSE:EMR) to Buy

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

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Emerson Electric from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Robert W. Baird lifted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Finally, UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $132.17.

Emerson Electric Trading Down 1.6 %

NYSE EMR traded down $2.17 on Friday, reaching $130.98. 2,628,060 shares of the company were exchanged, compared to its average volume of 2,825,938. Emerson Electric has a fifty-two week low of $87.71 and a fifty-two week high of $134.85. The stock has a market capitalization of $74.60 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The business's fifty day moving average price is $119.51 and its 200 day moving average price is $112.07. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company's stock.

Institutional Investors Weigh In On Emerson Electric

Several large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company's stock worth $931,000 after purchasing an additional 3,060 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company's stock worth $152,359,000 after buying an additional 194,944 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company's stock valued at $7,578,000 after buying an additional 5,416 shares in the last quarter. Larson Financial Group LLC grew its holdings in Emerson Electric by 130.0% during the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after acquiring an additional 5,393 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company's stock valued at $435,000 after acquiring an additional 1,792 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

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.