Emerson Electric Co. (NYSE:EMR) Receives Consensus Rating of “Hold” from Analysts

Shares of Emerson Electric Co. (NYSE:EMR) have received a consensus recommendation of “Hold” from the nineteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $75.19.

A number of brokerages recently issued reports on EMR. Credit Suisse Group reduced their price target on Emerson Electric from $80.00 to $74.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research report on Tuesday, July 23rd. Finally, Citigroup cut their target price on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday.

NYSE:EMR traded down $1.10 during trading hours on Friday, reaching $61.66. 4,570,430 shares of the company were exchanged, compared to its average volume of 2,422,730. The firm has a market capitalization of $39.88 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.10 and a beta of 1.32. Emerson Electric has a 1-year low of $55.38 and a 1-year high of $79.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a 50 day moving average of $65.31.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, equities research analysts forecast that Emerson Electric will post 3.64 EPS for the current year.

In other Emerson Electric news, VP Bell Katherine Button sold 4,470 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $65.00, for a total transaction of $290,550.00. Following the completion of the sale, the vice president now directly owns 18,040 shares in the company, valued at $1,172,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael H. Train sold 12,278 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total value of $783,336.40. Following the sale, the insider now owns 129,298 shares of the company’s stock, valued at $8,249,212.40. The disclosure for this sale can be found here. Insiders have sold 40,333 shares of company stock valued at $2,583,230 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Garner Asset Management Corp raised its position in Emerson Electric by 2.2% during the 1st quarter. Garner Asset Management Corp now owns 6,434 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 139 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in Emerson Electric by 1.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 12,197 shares of the industrial products company’s stock worth $835,000 after purchasing an additional 146 shares during the last quarter. Pathway Financial Advisors LLC raised its position in Emerson Electric by 3.3% during the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 153 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in Emerson Electric by 3.7% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,412 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 157 shares during the last quarter. Finally, Sky Investment Group LLC raised its position in Emerson Electric by 0.3% during the 1st quarter. Sky Investment Group LLC now owns 53,956 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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