Emerson Electric (NYSE:EMR) Upgraded to Strong-Buy at Daiwa America

Emerson Electric (NYSE:EMR) was upgraded by investment analysts at Daiwa America to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Trading Down 0.8 %

Shares of EMR stock opened at $128.92 on Tuesday. The stock has a market cap of $73.42 billion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The firm’s 50 day moving average price is $127.10 and its two-hundred day moving average price is $116.19.

Insider Activity at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds have recently added to or reduced their stakes in EMR. Vontobel Holding Ltd. grew its stake in shares of Emerson Electric by 5.5% during the 4th quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company’s stock worth $21,260,000 after acquiring an additional 8,971 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Emerson Electric by 5.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 130 shares in the last quarter. Buckhead Capital Management LLC bought a new position in shares of Emerson Electric during the 4th quarter worth approximately $2,126,000. SFE Investment Counsel grew its stake in shares of Emerson Electric by 4.0% in the fourth quarter. SFE Investment Counsel now owns 6,005 shares of the industrial products company’s stock valued at $744,000 after buying an additional 230 shares in the last quarter. Finally, G&S Capital LLC grew its stake in shares of Emerson Electric by 3.5% in the fourth quarter. G&S Capital LLC now owns 6,642 shares of the industrial products company’s stock valued at $823,000 after buying an additional 222 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

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.