Emerson Electric (NYSE:EMR) had its price target decreased by Citigroup from $80.00 to $79.00 in a report published on Tuesday, BenzingaRatingsTable reports. Citigroup currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently commented on EMR. Zacks Investment Research downgraded shares of Gold Resource from a hold rating to a sell rating in a research report on Friday, June 21st. Credit Suisse Group reaffirmed an outperform rating on shares of in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Emerson Electric has a consensus rating of Buy and a consensus price target of $75.65.

Shares of EMR opened at $64.16 on Tuesday. The company has a market capitalization of $39.15 billion, a P/E ratio of 18.98, a P/E/G ratio of 2.03 and a beta of 1.33. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average price is $63.86. Emerson Electric has a twelve month low of $55.38 and a twelve month high of $79.70.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Emerson Electric had a net margin of 12.81% and a return on equity of 24.63%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric will post 3.65 earnings per share for the current fiscal year.

In other news, VP Bell Katherine Button sold 15,791 shares of Emerson Electric stock in a transaction on Friday, June 7th. The shares were sold at an average price of $63.91, for a total transaction of $1,009,202.81. Following the transaction, the vice president now owns 30,304 shares in the company, valued at approximately $1,936,728.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael H. Train sold 12,278 shares of Emerson Electric stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $63.80, for a total transaction of $783,336.40. Following the transaction, the insider now owns 129,298 shares in the company, valued at approximately $8,249,212.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,333 shares of company stock worth $2,583,230 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

Several institutional investors have recently modified their holdings of EMR. Middleton & Co Inc MA purchased a new position in shares of Emerson Electric during the 1st quarter valued at $214,000. Harvey Investment Co. LLC purchased a new position in shares of Emerson Electric during the 1st quarter valued at $368,000. Headinvest LLC lifted its stake in shares of Emerson Electric by 97.0% during the 4th quarter. Headinvest LLC now owns 155,257 shares of the industrial products company’s stock valued at $9,277,000 after buying an additional 76,427 shares in the last quarter. Pioneer Trust Bank N A OR lifted its stake in shares of Emerson Electric by 5.3% during the 1st quarter. Pioneer Trust Bank N A OR now owns 7,579 shares of the industrial products company’s stock valued at $519,000 after buying an additional 379 shares in the last quarter. Finally, Pinnacle Bank purchased a new position in shares of Emerson Electric during the 4th quarter valued at $478,000. Institutional investors and hedge funds own 70.45% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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