Emerson Electric (NYSE:EMR) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Emerson Electric from “Buy” to “Hold.” Other analysts have mostly remained positive, leaving the stock with a “Moderate Buy” consensus and an average price target of $175.38.
• Recent quarterly results slightly beat expectations: Emerson reported EPS of $1.86 versus $1.85 expected and revenue of $5.20 billion versus $5.11 billion expected.
• Shares opened at $162.28 and were down 0.2%; the stock’s reported 12-month range is $122.64 to $172.00.

Emerson Electric (NYSE:EMR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities analysts have also weighed in on EMR. Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $188.00 to $196.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company raised their price target on Emerson Electric from $177.00 to $180.00 and gave the company an "overweight" rating in a research note on Thursday. HSBC raised their price target on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Mizuho raised their price objective on shares of Emerson Electric from $173.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $169.00 to $174.00 and gave the company a "hold" rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.38.

Emerson Electric Stock Down 0.2%

Emerson Electric stock opened at $162.28 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $90.89 billion, a PE ratio of 26.22, a PEG ratio of 2.31 and a beta of 1.23. Emerson Electric has a 12-month low of $122.64 and a 12-month high of $172.00. The firm's fifty day moving average is $157.91 and its 200 day moving average is $147.61.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 earnings per share. As a group, sell-side analysts predict that Emerson Electric will post 7.21 EPS for the current fiscal year.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer owned 271,743 shares in the company, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Emerson Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ABS Investment Management LLC purchased a new stake in Emerson Electric during the 2nd quarter valued at $858,900,000. William Mack & Associates Inc. purchased a new stake in shares of Emerson Electric during the third quarter valued at $25,000. Financial Management Professionals Inc. boosted its holdings in shares of Emerson Electric by 100.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company's stock valued at $27,000 after buying an additional 86 shares in the last quarter. Next Level Wealth Planning LLC acquired a new stake in Emerson Electric during the 3rd quarter worth about $27,000. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of Emerson Electric by 113.3% during the third quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company's stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Key Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

About Emerson Electric

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.