Wells Fargo & Co Reaffirms Market Perform Rating for Emerson Electric (EMR)

Wells Fargo & Co reiterated their market perform rating on shares of Emerson Electric (NYSE:EMR) in a report released on Thursday, The Fly reports. They currently have a $73.00 target price on the industrial products company’s stock, up from their prior target price of $65.00.

Other analysts have also issued reports about the company. Cowen raised Emerson Electric to a buy rating and set a $71.00 price objective for the company in a report on Monday, October 23rd. Stifel Nicolaus reissued a buy rating and issued a $72.00 price objective (up from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Bank of America raised Emerson Electric from a neutral rating to a buy rating and boosted their price objective for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Vertical Research raised Emerson Electric from a hold rating to a buy rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley reissued an equal weight rating and issued a $67.00 price objective (up from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of Hold and an average target price of $66.43.

Shares of Emerson Electric (NYSE EMR) traded down $0.31 during trading on Thursday, reaching $73.14. The company had a trading volume of 3,538,057 shares, compared to its average volume of 2,176,126. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.30 and a current ratio of 1.64. The company has a market capitalization of $46,709.77, a price-to-earnings ratio of 31.12, a P/E/G ratio of 2.69 and a beta of 1.24. Emerson Electric has a 1 year low of $56.77 and a 1 year high of $74.45.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. Emerson Electric’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 earnings per share. equities analysts anticipate that Emerson Electric will post 2.96 EPS for the current year.

In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the transaction, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the completion of the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,017 shares of company stock valued at $1,771,129. 0.79% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EMR. Bank of Montreal Can boosted its position in shares of Emerson Electric by 1.4% during the second quarter. Bank of Montreal Can now owns 1,675,042 shares of the industrial products company’s stock worth $99,867,000 after buying an additional 22,608 shares during the period. First Financial Bank Trust Division boosted its position in shares of Emerson Electric by 17.5% during the second quarter. First Financial Bank Trust Division now owns 13,312 shares of the industrial products company’s stock worth $793,000 after buying an additional 1,980 shares during the period. Hays Advisory LLC boosted its position in shares of Emerson Electric by 5.4% during the second quarter. Hays Advisory LLC now owns 4,584 shares of the industrial products company’s stock worth $273,000 after buying an additional 234 shares during the period. Pennsylvania Trust Co boosted its position in shares of Emerson Electric by 32.0% during the second quarter. Pennsylvania Trust Co now owns 83,547 shares of the industrial products company’s stock worth $4,981,000 after buying an additional 20,234 shares during the period. Finally, Northwest Investment Counselors LLC boosted its position in shares of Emerson Electric by 0.5% during the second quarter. Northwest Investment Counselors LLC now owns 47,543 shares of the industrial products company’s stock worth $2,834,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 69.18% of the company’s stock.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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