Emerson Electric Company (EMR) Lowered to “Hold” at Edward Jones
Emerson Electric Company (NYSE:EMR) was downgraded by investment analysts at Edward Jones from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
EMR has been the topic of several other reports. Stifel Nicolaus restated a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Wells Fargo & Company reiterated a “market perform” rating and issued a $65.00 target price (up from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Bank of America Corporation upgraded Emerson Electric from a “neutral” rating to a “buy” rating and upped their target price for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.14.
Emerson Electric (EMR) traded down $0.08 during trading on Friday, reaching $59.02. The company’s stock had a trading volume of 10,266,600 shares, compared to its average volume of 3,385,943. Emerson Electric has a 1 year low of $53.92 and a 1 year high of $67.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The company has a market capitalization of $38,380.00, a PE ratio of 23.10, a PEG ratio of 2.72 and a beta of 1.24.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. research analysts forecast that Emerson Electric will post 2.9 earnings per share for the current year.
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In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the transaction, the insider now owns 64,290 shares in the company, valued at approximately $3,792,467.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Emerson Electric during the 2nd quarter worth $109,000. Intellectus Partners LLC grew its stake in shares of Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 7 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Emerson Electric during the 1st quarter worth $127,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Emerson Electric during the 2nd quarter worth $129,000. Finally, AT Bancorp bought a new position in shares of Emerson Electric during the 2nd quarter worth $139,000. Institutional investors own 70.18% of the company’s stock.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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