Emerson Electric (NYSE:EMR) Now Covered by TD Cowen

Equities researchers at TD Cowen initiated coverage on shares of Emerson Electric (NYSE:EMR - Get Free Report) in a note issued to investors 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 objective indicates a potential upside of 7.28% from the stock's previous close.

EMR has been the topic of several other reports. Citigroup increased their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $139.83.

Emerson Electric Stock Up 0.8%

Shares of Emerson Electric stock traded up $1.09 during midday trading on Monday, hitting $139.82. The company had a trading volume of 1,939,739 shares, compared to its average volume of 3,006,294. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The stock has a market capitalization of $78.65 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.69 and a beta of 1.29. The company has a 50 day moving average of $123.79 and a 200 day moving average of $118.78. Emerson Electric has a 52-week low of $90.06 and a 52-week high of $139.91.

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

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $25,000. Saudi Central Bank purchased a new stake in shares of Emerson Electric in the first quarter worth about $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the first quarter worth about $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric in the fourth quarter worth about $28,000. 74.30% of the stock is currently 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.