Emerson Electric (NYSE:EMR) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Emerson Electric (NYSE:EMR) has been given a "buy (B-)" rating by Weiss Ratings, with many other analysts also rating the stock positively.
• Analyst price targets for Emerson Electric have been raised, with estimates ranging from $145.00 to $159.00 across different firms.
• The company reported earnings of $0.79 per share for its last quarter, with expectations for 5.96 EPS for the current year.

Emerson Electric (NYSE:EMR - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the stock an "outperform" rating in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of Emerson Electric from $135.00 to $151.00 and gave the company a "neutral" rating in a research note on Wednesday, October 15th. Finally, Stephens lifted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $148.28.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $132.81 on Friday. The firm has a market cap of $74.75 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company's fifty day simple moving average is $131.77 and its two-hundred day simple moving average is $126.91.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, equities analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Impact Capital Partners LLC lifted its position in Emerson Electric by 3.9% during the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in Emerson Electric by 1.7% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company's stock valued at $578,000 after acquiring an additional 71 shares during the period. Jag Capital Management LLC lifted its position in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company's stock valued at $527,000 after acquiring an additional 72 shares during the period. Beacon Financial Advisory LLC raised its holdings in Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company's stock worth $369,000 after buying an additional 77 shares during the last quarter. Finally, Revolve Wealth Partners LLC lifted its stake in shares of Emerson Electric by 3.5% in the third quarter. Revolve Wealth Partners LLC now owns 2,308 shares of the industrial products company's stock worth $303,000 after buying an additional 79 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.

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