Emerson Electric (NYSE:EMR) Upgraded by StockNews.com to Buy Rating

Emerson Electric (NYSE:EMR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently commented on EMR. Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. KeyCorp increased their price objective on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Stephens cut shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Trading Down 0.9 %

NYSE EMR traded down $1.11 on Thursday, reaching $129.05. The company had a trading volume of 3,694,167 shares, compared to its average volume of 2,741,967. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 2.16 and a beta of 1.30. The business has a 50 day moving average of $109.98 and a two-hundred day moving average of $109.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric has a fifty-two week low of $87.17 and a fifty-two week high of $131.56.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were 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 owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

Institutional Trading of Emerson Electric

Hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Emerson Electric during the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the first quarter worth about $31,000. Meeder Asset Management Inc. raised its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.