Emerson Electric (NYSE:EMR) Upgraded at StockNews.com

Emerson Electric (NYSE:EMR - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays lowered their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. KeyCorp lowered their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup lowered their price objective on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Price Performance

Shares of EMR stock traded down $0.68 on Wednesday, reaching $104.60. The company's stock had a trading volume of 2,676,446 shares, compared to its average volume of 2,941,826. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock's fifty day simple moving average is $108.88 and its 200-day simple moving average is $118.69. The company has a market capitalization of $58.98 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Emerson Electric

Institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the fourth quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Emerson Electric during the fourth quarter worth $28,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.