Emerson Electric (NYSE:EMR) Cut to “Hold” at StockNews.com

Emerson Electric (NYSE:EMR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other analysts have also recently issued research reports about the stock. Daiwa Capital Markets initiated coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $135.00 to $110.00 in a research note on Monday. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Stock Down 5.8 %

Shares of NYSE:EMR traded down $6.89 during trading hours on Monday, reaching $111.73. The stock had a trading volume of 5,154,692 shares, compared to its average volume of 2,933,377. Emerson Electric has a 1 year low of $96.62 and a 1 year high of $134.85. The firm’s 50 day moving average is $123.39 and its 200-day moving average is $118.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a market capitalization of $63.00 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

Institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in Emerson Electric during the 4th quarter worth $25,000. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $25,000. Vega Investment Solutions purchased a new position in Emerson Electric in the fourth quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at about $27,000. Finally, Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter valued at about $25,000. 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.