Emerson Electric's (EMR) Buy (B-) Rating Reiterated at Weiss Ratings

Key Points

• Emerson Electric's stock received a "buy (B-)" rating from Weiss Ratings, reaffirming its positive outlook among analysts.
• Several analysts have raised their target prices for Emerson Electric, with Citigroup increasing it to $165.00 and Deutsche Bank to $159.00.
• The company's recent quarterly earnings showed a slight increase in revenue, reporting $4.55 billion with earnings per share of $1.52, surpassing estimates.

Emerson Electric (NYSE:EMR - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on the stock. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Citigroup upped their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $144.29.

Emerson Electric Stock Performance

NYSE EMR traded up $1.61 during mid-day trading on Wednesday, reaching $133.10. 1,698,942 shares of the stock were exchanged, compared to its average volume of 3,179,406. The business's 50 day moving average is $133.25 and its 200-day moving average is $124.98. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a market capitalization of $74.91 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share. On average, equities research analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds have recently added to or reduced their stakes in EMR. Saudi Central Bank acquired a new position in Emerson Electric in the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric in the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric during the first quarter valued at about $28,000. Fourth Dimension Wealth LLC raised its stake in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric during the second quarter valued at about $29,000. Institutional investors and hedge funds 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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