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

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

EMR has been the topic of several other research reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price on the stock. KeyCorp lifted their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $1.80 during trading hours on Friday, reaching $130.07. 2,148,794 shares of the stock traded hands, compared to its average volume of 2,740,422. The company’s 50-day simple moving average is $114.02 and its two-hundred day simple moving average is $110.74. The company has a market capitalization 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. Emerson Electric has a 52-week low of $87.55 and a 52-week high of $131.56. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

Institutional Trading of Emerson Electric

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after buying an additional 3,060 shares during the last quarter. Bank of Montreal Can boosted its stake in Emerson Electric by 17.0% during the 2nd quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock valued at $152,359,000 after purchasing an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Emerson Electric by 8.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,416 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Emerson Electric by 82.0% in the third quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at $443,000. 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.