Emerson Electric (EMR) Receives “Buy” Rating from Cowen
Emerson Electric (NYSE:EMR)‘s stock had its “buy” rating restated by Cowen in a research note issued to investors on Wednesday, September 19th. They currently have a $81.00 price objective on the industrial products company’s stock. Cowen’s price objective suggests a potential upside of 12.63% from the company’s previous close.
EMR has been the subject of a number of other research reports. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Monday, August 20th. They issued an “overweight” rating and a $85.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. ValuEngine upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, UBS Group lifted their price target on shares of Emerson Electric from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $78.67.
Emerson Electric stock traded up $0.72 during midday trading on Wednesday, hitting $71.92. 3,542,298 shares of the stock were exchanged, compared to its average volume of 3,077,018. Emerson Electric has a fifty-two week low of $57.47 and a fifty-two week high of $79.70. The stock has a market cap of $48.13 billion, a P/E ratio of 27.24, a PEG ratio of 2.25 and a beta of 1.15. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.
In other news, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the completion of the sale, the president now owns 176,477 shares in the company, valued at $13,429,899.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,409 shares of company stock worth $7,317,004. Corporate insiders own 0.84% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Clarus Wealth Advisors purchased a new stake in shares of Emerson Electric in the 2nd quarter worth about $100,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Emerson Electric in the 1st quarter worth about $102,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Emerson Electric in the 2nd quarter worth about $102,000. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter worth about $105,000. Finally, Kaizen Advisory LLC lifted its holdings in Emerson Electric by 151.1% in the 2nd quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 926 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.
Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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