Emerson Electric (NYSE:EMR) Upgraded by TD Cowen to "Strong-Buy" Rating

Emerson Electric (NYSE:EMR - Get Free Report) was upgraded by equities researchers at TD Cowen to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the company. Citigroup upped their price target on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird cut their price target 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.44.

Emerson Electric Stock Performance

NYSE:EMR opened at $138.80 on Tuesday. The firm has a market capitalization of $78.08 billion, a PE ratio of 33.21, a PEG ratio of 2.69 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $139.90. The firm's fifty day simple moving average is $123.09 and its 200 day simple moving average is $118.64.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data 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. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company posted $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts anticipate 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 Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

Institutional Trading of Emerson Electric

A number of large investors have recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the 4th quarter valued at about $25,000. Saudi Central Bank acquired a new stake in Emerson Electric in the 1st quarter valued at approximately $25,000. Vega Investment Solutions bought a new stake in Emerson Electric in the 4th quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. 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.

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