Emerson Electric (NYSE:EMR) Lowered to “Underweight” Rating by Barclays

Emerson Electric (NYSE:EMR) was downgraded by investment analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report released on Monday,Briefing.com Automated Import reports. They presently have a $110.00 price target on the industrial products company’s stock, down from their previous price target of $135.00. Barclays‘s price target points to a potential downside of 7.30% from the stock’s previous close.

Other analysts have also issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.28.

Emerson Electric Price Performance

NYSE EMR opened at $118.66 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric has a 1-year low of $96.62 and a 1-year high of $134.85. The stock has a market capitalization of $66.91 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.49 and a beta of 1.36. The business’s fifty day moving average price is $123.64 and its 200-day moving average price is $118.73.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Emerson Electric will post 5.96 earnings per share for the current year.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Finally, Vega Investment Solutions bought a new position in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.