Emerson Electric Co. (NYSE:EMR) was upgraded by research analysts at Vetr from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $47.31 target price on the stock. Vetr‘s target price suggests a potential downside of 6.85% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Bank of America Corp. reissued a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Barclays PLC cut their target price on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. began coverage on Emerson Electric in a research note on Monday, August 8th. They set a “neutral” rating and a $47.00 target price for the company. Credit Suisse Group AG reissued a “buy” rating on shares of Emerson Electric in a research note on Sunday, July 10th. Finally, Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.91.
Shares of Emerson Electric (NYSE:EMR) opened at 50.79 on Monday. The stock has a market capitalization of $32.69 billion, a PE ratio of 17.99 and a beta of 1.19. The company’s 50 day moving average price is $52.55 and its 200-day moving average price is $53.36. Emerson Electric has a 52 week low of $41.25 and a 52 week high of $56.82.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Equities research analysts predict that Emerson Electric will post $2.92 EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Emerson Electric by 3.3% in the second quarter. Vanguard Group Inc. now owns 39,936,101 shares of the company’s stock valued at $2,083,068,000 after buying an additional 1,270,315 shares in the last quarter. BlackRock Fund Advisors increased its stake in Emerson Electric by 3.8% in the second quarter. BlackRock Fund Advisors now owns 11,764,504 shares of the company’s stock valued at $613,637,000 after buying an additional 435,266 shares in the last quarter. Capital Research Global Investors increased its stake in Emerson Electric by 4.0% in the second quarter. Capital Research Global Investors now owns 10,759,443 shares of the company’s stock valued at $561,213,000 after buying an additional 412,593 shares in the last quarter. Capital World Investors increased its stake in Emerson Electric by 58.3% in the second quarter. Capital World Investors now owns 9,500,000 shares of the company’s stock valued at $495,520,000 after buying an additional 3,500,000 shares in the last quarter. Finally, FMR LLC increased its stake in Emerson Electric by 2.6% in the second quarter. FMR LLC now owns 8,896,013 shares of the company’s stock valued at $464,016,000 after buying an additional 227,233 shares in the last quarter. 69.40% of the stock is owned by institutional investors and hedge funds.
About Emerson Electric
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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