Emerson Electric Co. (EMR) Rating Increased to Sell at Vetr Inc.
Vetr upgraded shares of Emerson Electric Co. (NYSE:EMR) from a strong sell rating to a sell rating in a research note released on Monday. The brokerage currently has $47.31 price objective on the stock.
Other analysts also recently issued research reports about the stock. Stifel Nicolaus reduced their target price on shares of Emerson Electric from $60.00 to $58.00 and set a buy rating for the company in a report on Wednesday, August 3rd. Barclays PLC cut their price objective on shares of Emerson Electric from $55.00 to $53.00 and set an equal weight rating for the company in a report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Emerson Electric from a hold rating to a sell rating in a report on Monday, July 18th. Citigroup Inc. cut their price objective on shares of Emerson Electric from $49.00 to $48.00 and set a sell rating for the company in a report on Wednesday, August 3rd. Finally, Sanford C. Bernstein reissued a market perform rating on shares of Emerson Electric in a report on Monday, June 27th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Emerson Electric has an average rating of Hold and a consensus price target of $51.91.
Shares of Emerson Electric (NYSE:EMR) opened at 50.20 on Monday. Emerson Electric has a 1-year low of $41.25 and a 1-year high of $56.82. The company has a market capitalization of $32.31 billion, a PE ratio of 17.78 and a beta of 1.19. The stock’s 50 day moving average is $52.34 and its 200 day moving average is $53.31.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.84 by $0.04. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. On average, equities research analysts anticipate that Emerson Electric will post $2.92 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. M&R Capital Management Inc. purchased a new stake in Emerson Electric during the second quarter worth approximately $103,000. Arcadia Investment Management Corp MI raised its stake in Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock worth $119,000 after buying an additional 234 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Emerson Electric during the second quarter worth approximately $128,000. TCI Wealth Advisors Inc. raised its stake in Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock worth $132,000 after buying an additional 1,200 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock worth $132,000 after buying an additional 1,262 shares in the last quarter. 69.40% of the stock is currently owned by institutional investors.
Emerson Electric Company Profile
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
To view Vetr’s full report, visit Vetr’s official website.
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