Emerson Electric (EMR) Coverage Initiated at Gordon Haskett

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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.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.47 billion. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. Analysts forecast that Emerson Electric will post 3.19 EPS for the current year.

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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