Gordon Haskett assumed coverage on shares of Emerson Electric (NYSE:EMR) in a research note published on Friday, The Fly reports. The firm issued a buy rating on the industrial products company’s stock.
Several other research analysts have also weighed in on EMR. ValuEngine lowered Emerson Electric from a buy rating to a hold rating in a research report on Wednesday, June 20th. Zacks Investment Research upgraded Emerson Electric from a hold rating to a buy rating and set a $77.00 price objective for the company in a research report on Tuesday, July 3rd. MED upgraded Emerson Electric from a hold rating to a buy rating and set a $81.00 price objective for the company in a research report on Thursday, July 12th. Deutsche Bank set a $81.00 price objective on Emerson Electric and gave the stock a buy rating in a research report on Thursday, July 12th. Finally, Robert W. Baird reiterated a hold rating and issued a $76.00 price objective on shares of Emerson Electric in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. Emerson Electric currently has a consensus rating of Buy and an average target price of $78.67.
Emerson Electric stock traded up $0.72 during mid-day trading on Friday, hitting $71.92. The company’s stock had a trading volume of 3,542,298 shares, compared to its average volume of 3,077,018. The firm has a market capitalization of $48.13 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.25 and a beta of 1.15. Emerson Electric has a 1 year low of $57.47 and a 1 year high of $79.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23.
In other Emerson Electric news, President Edward L. Monser sold 60,000 shares of the company’s stock in a transaction on 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 transaction, the president now directly owns 176,477 shares in the company, valued at $13,429,899.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Edward L. Monser sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now owns 176,477 shares in the company, valued at $13,384,015.68. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock worth $7,317,004 over the last 90 days. 0.84% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Clarus Wealth Advisors acquired a new stake in shares of Emerson Electric in the second quarter valued at $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Emerson Electric in the second quarter valued at $102,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at $105,000. Kaizen Advisory LLC raised its stake in shares of Emerson Electric by 151.1% in the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 926 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at $113,000. Institutional investors 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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