StockNews.com Downgrades Emerson Electric (NYSE:EMR) to Hold

Emerson Electric (NYSE:EMR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other analysts also recently issued reports on the company. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Oppenheimer boosted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, Barclays lifted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.58.

Emerson Electric Stock Down 1.4 %

Emerson Electric stock opened at $122.18 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $69.59 billion, a P/E ratio of 35.73, a P/E/G ratio of 2.20 and a beta of 1.34. The firm has a 50 day moving average price of $125.63 and a 200-day moving average price of $114.25. Emerson Electric has a twelve month low of $91.64 and a twelve month high of $134.85.

Insider Activity at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Emerson Electric by 2.9% during the third quarter. Principal Financial Group Inc. now owns 812,976 shares of the industrial products company’s stock valued at $88,915,000 after buying an additional 23,205 shares during the period. Syntax Research Inc. boosted its holdings in Emerson Electric by 1,318.7% during the 3rd quarter. Syntax Research Inc. now owns 3,561 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 3,310 shares during the period. Logan Capital Management Inc. grew its position in Emerson Electric by 0.6% during the 3rd quarter. Logan Capital Management Inc. now owns 45,770 shares of the industrial products company’s stock worth $5,006,000 after acquiring an additional 260 shares during the last quarter. Old North State Trust LLC purchased a new position in Emerson Electric in the 3rd quarter worth approximately $212,000. Finally, Franklin Resources Inc. boosted its stake in shares of Emerson Electric by 3.2% during the third quarter. Franklin Resources Inc. now owns 586,319 shares of the industrial products company’s stock valued at $66,043,000 after purchasing an additional 17,913 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Emerson Electric

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.