Daiwa Capital Markets Initiates Coverage on Emerson Electric (NYSE:EMR)

Stock analysts at Daiwa Capital Markets started coverage on shares of Emerson Electric (NYSE:EMR) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $147.00 price target on the industrial products company’s stock. Daiwa Capital Markets’ price target points to a potential upside of 14.05% from the company’s current price.

EMR has been the subject of several other research reports. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Barclays increased their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. KeyCorp boosted their price target on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Robert W. Baird raised their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average price target of $136.45.

Emerson Electric Price Performance

Shares of EMR opened at $128.89 on Tuesday. The company has a market capitalization of $73.41 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $127.10 and a 200 day moving average of $115.98. Emerson Electric has a twelve month low of $91.64 and a twelve month high of $134.85.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Emerson Electric by 8.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,749 shares of the industrial products company’s stock worth $8,148,000 after buying an additional 5,157 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Emerson Electric by 50.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,153,085 shares of the industrial products company’s stock worth $266,832,000 after purchasing an additional 718,781 shares during the last quarter. Spectrum Asset Management Inc. NB CA grew its position in Emerson Electric by 0.5% during the 4th quarter. Spectrum Asset Management Inc. NB CA now owns 28,968 shares of the industrial products company’s stock worth $3,590,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $2,169,000. Finally, Consolidated Portfolio Review Corp grew its position in Emerson Electric by 186.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 5,799 shares of the industrial products company’s stock worth $719,000 after purchasing an additional 3,775 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.