Emerson Electric (NYSE:EMR) Rating Increased to Buy at StockNews.com

Emerson Electric (NYSE:EMR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on the company. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their target price for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.80 on Friday, reaching $130.07. The stock had a trading volume of 2,148,794 shares, compared to its average volume of 2,740,422. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric has a 1 year low of $87.55 and a 1 year high of $131.56. The stock has a market cap of $74.17 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. The company has a 50 day simple moving average of $114.02 and a 200 day simple moving average of $110.74.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently made changes to their positions in EMR. CreativeOne Wealth LLC purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $605,000. 1832 Asset Management L.P. raised its position in Emerson Electric by 311.3% during the 1st quarter. 1832 Asset Management L.P. now owns 239,626 shares of the industrial products company’s stock valued at $27,178,000 after purchasing an additional 181,371 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Emerson Electric by 9.9% in the 1st quarter. Kestra Advisory Services LLC now owns 187,615 shares of the industrial products company’s stock worth $21,279,000 after buying an additional 16,839 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Emerson Electric by 15.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,106,633 shares of the industrial products company’s stock worth $125,515,000 after buying an additional 149,446 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the first quarter valued at about $31,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.