Gordon Haskett began coverage on shares of Emerson Electric (NYSE:EMR) in a research note released on Friday morning, The Fly reports. The firm issued a buy rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on EMR. ValuEngine downgraded Emerson Electric from a buy rating to a hold rating in a report on Wednesday, June 20th. Zacks Investment Research upgraded Emerson Electric from a hold rating to a buy rating and set a $77.00 target price on the stock in a research note on Tuesday, July 3rd. MED upgraded Emerson Electric from a hold rating to a buy rating and set a $81.00 target price on the stock in a research note on Thursday, July 12th. Deutsche Bank set a $81.00 target price on Emerson Electric and gave the stock a buy rating in a research note on Thursday, July 12th. Finally, Robert W. Baird restated a hold rating and set a $76.00 target price on shares of Emerson Electric in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of Buy and an average target price of $78.67.

Shares of NYSE:EMR traded up $0.72 on Friday, reaching $71.92. The company had a trading volume of 3,542,298 shares, compared to its average volume of 3,077,018. Emerson Electric has a 52-week low of $57.47 and a 52-week high of $79.70. The company has a market capitalization of $48.13 billion, a PE ratio of 27.24, a P/E/G ratio of 2.25 and a beta of 1.15. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the business posted $0.68 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Research analysts predict that Emerson Electric will post 3.19 EPS for the current year.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the sale, the president now owns 176,477 shares in the company, valued at approximately $13,384,015.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total value of $475,804.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,409 shares of company stock worth $7,317,004. Company insiders own 0.84% of the company’s stock.

A number of institutional investors have recently bought and sold shares of EMR. GSA Capital Partners LLP purchased a new stake in shares of Emerson Electric in the first quarter valued at approximately $771,000. The Manufacturers Life Insurance Company grew its position in shares of Emerson Electric by 12.2% in the first quarter. The Manufacturers Life Insurance Company now owns 782,873 shares of the industrial products company’s stock valued at $53,470,000 after purchasing an additional 85,266 shares in the last quarter. Ostrum Asset Management purchased a new stake in shares of Emerson Electric in the first quarter valued at approximately $301,000. United Capital Financial Advisers LLC grew its position in shares of Emerson Electric by 6.7% in the first quarter. United Capital Financial Advisers LLC now owns 183,483 shares of the industrial products company’s stock valued at $12,532,000 after purchasing an additional 11,533 shares in the last quarter. Finally, Natixis grew its position in shares of Emerson Electric by 135.7% in the first quarter. Natixis now owns 38,876 shares of the industrial products company’s stock valued at $2,637,000 after purchasing an additional 22,380 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

About Emerson Electric

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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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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