TD Cowen Initiates Coverage on Emerson Electric (NYSE:EMR)

Investment analysts at TD Cowen started coverage on shares of Emerson Electric (NYSE:EMR - Get Free Report) in a research report issued on Monday. The brokerage set a "buy" rating and a $150.00 price target on the industrial products company's stock. TD Cowen's price target would indicate a potential upside of 7.55% from the company's previous close.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Barclays upped their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, June 9th. Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Citigroup upped their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $139.83.

Emerson Electric Stock Up 0.5%

Shares of EMR stock traded up $0.74 during trading hours on Monday, hitting $139.47. 794,939 shares of the company's stock traded hands, compared to its average volume of 3,105,619. The stock's fifty day simple moving average is $123.09 and its two-hundred day simple moving average is $118.64. The stock has a market cap of $78.45 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.69 and a beta of 1.29. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $139.90. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. On average, analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds have recently modified their holdings of EMR. Brighton Jones LLC raised its holdings in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Assetmark Inc. lifted its holdings in Emerson Electric by 12.3% in the fourth quarter. Assetmark Inc. now owns 8,715 shares of the industrial products company's stock valued at $1,080,000 after acquiring an additional 956 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $291,000. OFI Invest Asset Management acquired a new position in Emerson Electric in the 4th quarter valued at about $1,420,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Emerson Electric by 6.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,475 shares of the industrial products company's stock valued at $32,405,000 after purchasing an additional 15,771 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Company Profile

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.