Emerson Electric (NYSE:EMR) Now Covered by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley began coverage on shares of Emerson Electric (NYSE:EMR) in a research report issued on Friday, Briefing.com reports. The firm set an “underweight” rating and a $105.00 price target on the industrial products company’s stock. Morgan Stanley’s target price would suggest a potential upside of 5.03% from the company’s previous close.

Other research analysts have also issued research reports about the company. Royal Bank of Canada lowered their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company lowered their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Loop Capital increased their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.06.

Emerson Electric Stock Down 0.9 %

NYSE:EMR opened at $99.97 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric has a 1-year low of $83.10 and a 1-year high of $119.53. The business’s fifty day moving average price is $108.93 and its 200 day moving average price is $109.78. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 1.75 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the firm posted $1.29 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Emerson Electric

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Emerson Electric during the 4th quarter valued at $764,604,000. Newport Trust Company LLC acquired a new stake in Emerson Electric during the 2nd quarter valued at $574,908,000. First Trust Advisors LP increased its holdings in Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after purchasing an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP increased its holdings in Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Emerson Electric during the 1st quarter valued at $129,670,000. 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.