Emerson Electric (NYSE:EMR) Stock Rating Upgraded by BMO Capital Markets

Emerson Electric (NYSE:EMR) was upgraded by investment analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a note issued to investors on Sunday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein raised their price target on Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, August 14th. BNP Paribas Exane boosted their price objective on Emerson Electric from $180.00 to $185.00 in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on Emerson Electric from $169.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, September 30th. Stephens raised their target price on Emerson Electric from $155.00 to $160.00 in a research note on Thursday, August 6th. Finally, DA Davidson raised their target price on Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $172.17.

Emerson Electric Stock Up 0.7%

Shares of NYSE:EMR opened at $166.02 on Friday. The company’s fifty day moving average is $157.23 and its 200-day moving average is $147.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric has a 52 week low of $122.64 and a 52 week high of $171.25. The company has a market capitalization of $92.99 billion, a PE ratio of 36.33, a P/E/G ratio of 2.33 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.03. The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Equities research analysts predict that Emerson Electric will post 6.56 earnings per share for the current fiscal year.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EMR. Asset One Wealth Management LLC boosted its stake in Emerson Electric by 9.8% in the third quarter. Asset One Wealth Management LLC now owns 2,470 shares of the industrial products company’s stock valued at $383,000 after acquiring an additional 220 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Emerson Electric by 1.7% during the 3rd quarter. International Assets Investment Management LLC now owns 4,539 shares of the industrial products company’s stock worth $720,000 after acquiring an additional 78 shares during the period. Calamos Wealth Management LLC grew its holdings in Emerson Electric by 8.6% during the 3rd quarter. Calamos Wealth Management LLC now owns 3,351 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 264 shares during the period. Calamos Advisors LLC raised its position in shares of Emerson Electric by 68.9% during the 3rd quarter. Calamos Advisors LLC now owns 389,646 shares of the industrial products company’s stock valued at $60,434,000 after acquiring an additional 158,928 shares during the last quarter. Finally, Alta Advisers Ltd raised its position in shares of Emerson Electric by 77.0% during the 3rd quarter. Alta Advisers Ltd now owns 3,954 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 1,720 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.