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Analyst's Perspective on Rating and Recommendation: Emerson Electric Co. (NYSE:EMR)

Remigio Civitarese | 25 Agosto, 2016, 15:58

08/03/2016 - Emerson Electric Company had its "buy" rating reiterated by analysts at Stifel Nicolaus. Over the last 3 months and over the last 6 months, the shares of Emerson Electric Co. Recently, stock has been recommended as "BUY" from "3" and "0" given "OVERWEIGHT" rating for the company. Johnson Investment Counsel Inc sold 370,119 shares as the company's stock rose 14.97% with the market. The stock has blown through analysts' low price target of US$43, but is still below the high US$62 target. Geode Capital Management LLC raised its stake in shares of Emerson Electric by 4.4% in the first quarter.

During last 5 trades the stock sticks nearly -1.08%. Webster Bank N.A. now owns 4,602 shares of the company's stock worth $250,000 after buying an additional 67 shares during the period.

Azimuth Capital Management Llc, which manages about $1.05 billion US Long portfolio, decreased its stake in Wells Fargo & Co (NYSE:WFC) by 131,799 shares to 149,543 shares, valued at $7.23M in 2016Q1, according to the filing. The Hedge Fund company now holds 168,715 shares of EMR which is valued at $9,105,549.

Several other research analysts also recently weighed in on EMR. Finally, Vertical Research downgraded Emerson Electric from a hold rating to a sell rating in a research note on Wednesday, May 4th. Vertical Research cut shares of Emerson Electric from a hold rating to a sell rating in a research report on Wednesday, May 4th. Emerson Electric Co. was Downgraded by Credit Suisse to " Neutral" on Aug 19, 2016.

Gap Inc (NYSE:GPS) now has mean rating of 3.1 while 1 analyst have recommended the shares as "BUY", 2 commented as "OUTPERFORM" and 22 commented as "HOLD". Analyst's mean target price for Fortive Corporation (NYSE:FTV) is $53.44 while analysts mean recommendation is 2.40.

United States of America based company, Emerson Electric Co.'s (EMR)'s latest closing price distance was at 7.91% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 1.22% and -0.23% compared with the 20 Day Moving Average. A President & COO in the company, Monser Edward L, on Thursday June 05, 2014 collected $674,400 from the sale of 10,000 shares at a per-share price of $49.41. The stock's market capitalization is 34.68B, it has a 52-week low of 41.25 and a 52-week high of 56.82.

Receive Emerson Electric Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company with MarketBeat.com's FREE daily email newsletter. OVERWEIGHT signal was given by "0" and Underweight signal was issued by "0" Analysts. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Equities analysts forecast that Emerson Electric will post $2.93 earnings per share for the current fiscal year. (EMR) purchased shares in a trading activity completed on Friday August 07, 2015.

Emerson Electric Co.is engaged in offering technology and engineering together that provides solutions for customers in industrial commercial and consumer markets around the world. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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