Emerson Electric Co. (NYSE:EMR) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday. The firm currently has a $47.31 target price on the stock. Vetr‘s price target suggests a potential downside of 10.23% from the stock’s current price.

Other research analysts also recently issued reports about the company. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Bank of America Corp. reissued a “sell” rating on shares of Emerson Electric in a research note on Wednesday, June 22nd. Robert W. Baird reissued a “neutral” rating and issued a $58.00 price objective on shares of Emerson Electric in a research note on Monday, June 27th. Sanford C. Bernstein reissued a “market perform” rating on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Emerson Electric in a research note on Sunday, July 10th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and an average price target of $51.91.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

Shares of Emerson Electric (NYSE:EMR) opened at 52.70 on Monday. The stock has a market capitalization of $33.91 billion, a price-to-earnings ratio of 18.66 and a beta of 1.19. Emerson Electric has a 52 week low of $41.25 and a 52 week high of $56.82. The stock’s 50 day moving average is $52.65 and its 200-day moving average is $53.42.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. On average, analysts anticipate that Emerson Electric will post $2.92 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. M&R Capital Management Inc. acquired a new stake in shares of Emerson Electric during the second quarter valued at $103,000. Arcadia Investment Management Corp MI raised its stake in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares during the period. Americafirst Capital Management LLC acquired a new stake in shares of Emerson Electric during the second quarter valued at $128,000. TCI Wealth Advisors Inc. raised its stake in shares of Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock valued at $132,000 after buying an additional 1,200 shares during the period. Finally, Integrated Investment Consultants LLC raised its stake in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares during the period. 69.40% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

5 Day Chart for NYSE:EMR

Receive News & Stock Ratings for Emerson Electric Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Co. and related stocks with our FREE daily email newsletter.