Research analysts at Stephens assumed coverage on shares of Emerson Electric (NYSE:EMR) in a report issued on Monday, The Fly reports. The firm set an “overweight” rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the company. Cowen reissued a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research note on Wednesday, September 19th. UBS Group increased their target price on Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Thursday, October 4th. Bank of America increased their target price on Emerson Electric from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Finally, Argus increased their target price on Emerson Electric from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $78.30.

Shares of NYSE EMR traded down $1.16 during trading on Monday, reaching $68.46. The company had a trading volume of 5,274,274 shares, compared to its average volume of 3,206,590. Emerson Electric has a 12-month low of $59.62 and a 12-month high of $79.70. The stock has a market cap of $43.75 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.13 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. As a group, analysts forecast that Emerson Electric will post 3.68 earnings per share for the current fiscal year.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the transaction, the president now directly owns 176,477 shares in the company, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

A number of hedge funds have recently bought and sold shares of EMR. Prospera Financial Services Inc bought a new position in Emerson Electric in the second quarter valued at about $269,000. Cornerstone Advisors Inc. raised its stake in shares of Emerson Electric by 173.2% in the second quarter. Cornerstone Advisors Inc. now owns 4,625 shares of the industrial products company’s stock worth $320,000 after buying an additional 2,932 shares during the period. Sit Investment Associates Inc. raised its stake in shares of Emerson Electric by 13.0% in the second quarter. Sit Investment Associates Inc. now owns 6,940 shares of the industrial products company’s stock worth $480,000 after buying an additional 800 shares during the period. LS Investment Advisors LLC raised its stake in shares of Emerson Electric by 1.8% in the second quarter. LS Investment Advisors LLC now owns 77,593 shares of the industrial products company’s stock worth $5,365,000 after buying an additional 1,348 shares during the period. Finally, Hengehold Capital Management LLC raised its stake in shares of Emerson Electric by 5.7% in the second quarter. Hengehold Capital Management LLC now owns 68,270 shares of the industrial products company’s stock worth $4,720,000 after buying an additional 3,689 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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