Emerson Electric Company (EMR) Given Average Rating of “Hold” by Analysts

Emerson Electric Company (EMR) Given Average Rating of “Hold” by Analysts

Emerson Electric Company (NYSE:EMR) has been assigned a consensus rating of “Hold” from the twenty-four research firms that are presently covering the stock. Five research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $52.87.

A number of brokerages recently weighed in on EMR. Vetr raised Emerson Electric Company from a “strong sell” rating to a “sell” rating and set a $47.31 price objective on the stock in a report on Monday, October 10th. Goldman Sachs Group, Inc. (The) raised Emerson Electric Company from a “sell” rating to a “neutral” rating and set a $60.00 price target on the stock in a research note on Friday, January 27th. Bank of America Corporation raised Emerson Electric Company from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $45.00 to $60.00 in a research note on Monday, January 9th. RBC Capital Markets set a $48.00 price target on Emerson Electric Company and gave the stock a “hold” rating in a research note on Wednesday, January 4th. Finally, TheStreet cut Emerson Electric Company from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st.

Several hedge funds and other institutional investors have recently made changes to their positions in EMR. Nicolet Bankshares Inc. increased its position in shares of Emerson Electric Company by 15.2% in the second quarter. Nicolet Bankshares Inc. now owns 5,501 shares of the company’s stock worth $287,000 after buying an additional 726 shares during the last quarter. Concert Wealth Management Inc. increased its position in shares of Emerson Electric Company by 50.7% in the second quarter. Concert Wealth Management Inc. now owns 16,160 shares of the company’s stock worth $845,000 after buying an additional 5,435 shares during the last quarter. Parsec Financial Management Inc. increased its position in shares of Emerson Electric Company by 3.0% in the second quarter. Parsec Financial Management Inc. now owns 239,198 shares of the company’s stock worth $12,477,000 after buying an additional 6,936 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in shares of Emerson Electric Company by 1,742.4% in the second quarter. First Citizens Bank & Trust Co. now owns 89,962 shares of the company’s stock worth $4,692,000 after buying an additional 85,079 shares during the last quarter. Finally, Atlas Brown Inc. acquired a new position in shares of Emerson Electric Company during the second quarter worth about $226,000. 70.97% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Company (NYSE:EMR) opened at 59.54 on Wednesday. The company has a 50 day moving average price of $57.58 and a 200-day moving average price of $54.39. The company has a market capitalization of $38.27 billion, a PE ratio of 23.63 and a beta of 1.17. Emerson Electric Company has a one year low of $44.70 and a one year high of $60.93.

Emerson Electric Company Company Profile

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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