Emerson Electric Company (NYSE:EMR)‘s stock had its “sell” rating restated by research analysts at Berenberg Bank in a note issued to investors on Friday. They presently have a $53.00 price target on the industrial products company’s stock. Berenberg Bank’s price objective points to a potential downside of 10.00% from the company’s current price.
Several other equities analysts have also commented on EMR. Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 price objective (up previously from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Cowen and Company reissued a “hold” rating and set a $62.00 price objective on shares of Emerson Electric in a research report on Tuesday, April 25th. BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Wednesday, July 19th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $58.14.
Shares of Emerson Electric (NYSE:EMR) opened at 58.89 on Friday. Emerson Electric has a 52 week low of $49.22 and a 52 week high of $64.36. The company has a market cap of $37.69 billion, a price-to-earnings ratio of 26.28 and a beta of 1.20. The firm’s 50-day moving average is $59.83 and its 200-day moving average is $59.84.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.99 billion. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Equities research analysts predict that Emerson Electric will post $2.61 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the company. First Command Financial Services Inc. increased its stake in Emerson Electric by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the last quarter. Central Bank & Trust Co. increased its stake in Emerson Electric by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Emerson Electric during the first quarter valued at approximately $127,000. AT Bancorp acquired a new stake in Emerson Electric during the second quarter valued at approximately $139,000. Finally, Harbour Capital Advisors LLC acquired a new stake in Emerson Electric during the first quarter valued at approximately $147,000. Institutional investors own 69.06% of the company’s stock.
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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