Daiwa Capital Markets Initiates Coverage on Emerson Electric (NYSE:EMR)

Equities research analysts at Daiwa Capital Markets initiated coverage on shares of Emerson Electric (NYSE:EMR) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $147.00 price target on the industrial products company’s stock. Daiwa Capital Markets’ price target suggests a potential upside of 14.05% from the company’s previous close.

A number of other research analysts have also recently issued reports on EMR. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company reduced their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Stock Down 1.3 %

EMR opened at $128.89 on Tuesday. The stock has a market cap of $73.41 billion, a PE ratio of 37.69, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a 52 week low of $91.64 and a 52 week high of $134.85. The business’s fifty day simple moving average is $127.10 and its 200 day simple moving average is $115.98.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Emerson Electric by 8.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,749 shares of the industrial products company’s stock valued at $8,148,000 after purchasing an additional 5,157 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Emerson Electric by 50.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,153,085 shares of the industrial products company’s stock valued at $266,832,000 after purchasing an additional 718,781 shares during the last quarter. Spectrum Asset Management Inc. NB CA lifted its holdings in shares of Emerson Electric by 0.5% during the fourth quarter. Spectrum Asset Management Inc. NB CA now owns 28,968 shares of the industrial products company’s stock valued at $3,590,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $2,169,000. Finally, Consolidated Portfolio Review Corp lifted its holdings in shares of Emerson Electric by 186.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 5,799 shares of the industrial products company’s stock valued at $719,000 after purchasing an additional 3,775 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.