Emerson Electric (EMR) Upgraded by JPMorgan Chase & Co. to Overweight

Emerson Electric (NYSE:EMR) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, The Fly reports.

Several other equities research analysts also recently weighed in on EMR. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America upgraded Emerson Electric from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Cowen upgraded Emerson Electric from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $65.00 price objective (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $67.65.

Shares of Emerson Electric (NYSE:EMR) opened at $66.40 on Friday. Emerson Electric has a 12-month low of $56.77 and a 12-month high of $74.45. The firm has a market capitalization of $43,778.40, a PE ratio of 26.77, a P/E/G ratio of 2.38 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.30 and a current ratio of 1.32.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. equities analysts expect that Emerson Electric will post 3.12 EPS for the current year.

In other news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the sale, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of Emerson Electric stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the completion of the sale, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock valued at $1,771,129 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Several large investors have recently modified their holdings of EMR. Tower Research Capital LLC TRC acquired a new position in Emerson Electric during the second quarter worth $109,000. Intellectus Partners LLC boosted its stake in Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Emerson Electric during the second quarter worth $129,000. Cerebellum GP LLC acquired a new position in Emerson Electric during the fourth quarter worth $129,000. Finally, Global Trust Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $146,000. 69.23% of the stock is currently owned by hedge funds and other institutional investors.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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