The stock of Emerson Electric Co. (NYSE:EMR) hit a new 52-week high and has $60.75 target or 7.00% above today’s $56.78 share price. The 9 months bullish chart indicates low risk for the $37.87 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $60.75 price target is reached, the company will be worth $2.65 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.98 million shares traded hands. Emerson Electric Co. (NYSE:EMR) has risen 2.58% since April 28, 2016 and is uptrending. It has underperformed by 3.34% the S&P500.
Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on February, 7. They expect $0.46 earnings per share, down 17.86% or $0.10 from last year’s $0.56 per share. EMR’s profit will be $306.77 million for 30.85 P/E if the $0.46 EPS becomes a reality. After $0.96 actual earnings per share reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts -52.08% negative EPS growth.
Emerson Electric Co. (NYSE:EMR) Ratings Coverage
Out of 19 analysts covering Emerson Electric Co. (NYSE:EMR), 4 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 21% are positive. $59 is the highest target while $41 is the lowest. The $49.93 average target is -12.06% below today’s ($56.78) stock price. Emerson Electric Co. has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. UBS downgraded Emerson Electric Co. (NYSE:EMR) on Wednesday, October 12 to “Sell” rating. The rating was maintained by Stifel Nicolaus on Wednesday, August 5 with “Buy”. The firm earned “Sell” rating on Tuesday, April 19 by Citigroup. The company was initiated on Monday, October 3 by Berenberg. The rating was maintained by Credit Suisse on Monday, March 14 with “Outperform”. Standpoint Research upgraded the stock to “Buy” rating in Wednesday, January 20 report. Cowen & Co maintained it with “Market Perform” rating and $52 target price in Wednesday, August 5 report. Canaccord Genuity maintained it with “Hold” rating and $52 target price in Wednesday, August 5 report. On Wednesday, August 5 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was downgraded by Credit Suisse to “Neutral” on Friday, August 19.
According to Zacks Investment Research, “Emerson is engaged principally in the worldwide design, manufacture and sale of a broad range of electrical, electromechanical and electronic products and systems. The divisions of the company are organized into the following business segments based on the nature of the products and services provided: Process Control; Industrial Automation; Electronics and Telecommunications; Heating, Ventilating and Air Conditioning; and Appliance and Tools.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.03, from 1.02 in 2016Q1. The ratio turned negative, as 60 funds sold all Emerson Electric Co. shares owned while 421 reduced positions. 78 funds bought stakes while 411 increased positions. They now own 440.84 million shares or 2.17% less from 450.63 million shares in 2016Q1.
Train Babcock Ltd Liability holds 5,600 shares or 0.12% of its portfolio. Ameriprise Financial has invested 0.01% of its portfolio in Emerson Electric Co. (NYSE:EMR). Atlas Browninc owns 4,324 shares or 0.09% of their US portfolio. Butensky Cohen Fincl Security Incorporated has invested 1.64% of its portfolio in Emerson Electric Co. (NYSE:EMR). Eaton Vance Management reported 2.27 million shares or 0.34% of all its holdings. Cadence State Bank Na holds 0.31% or 12,128 shares in its portfolio. Meiji Yasuda Asset Management Com Ltd holds 0.06% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 7,682 shares. Whittier Company owns 230,248 shares or 0.53% of their US portfolio. Exchange Cap Mgmt Incorporated accumulated 600 shares or 0.01% of the stock. Aristotle Capital Lc last reported 0.01% of its portfolio in the stock. Salem Investment Counselors Inc holds 0.17% or 26,677 shares in its portfolio. Group One Trading Limited Partnership holds 0.01% or 9,038 shares in its portfolio. Haverford Tru has 39,944 shares for 0.05% of their US portfolio. New England Research & owns 21,070 shares or 0.95% of their US portfolio. Focused Ltd Company last reported 1.38 million shares in the company.
More news for Emerson Electric Co. (NYSE:EMR) were recently published by: Reuters.com, which released: “Emerson Electric to sell businesses for $5.2 billion” on August 02, 2016. Forbes.com‘s article titled: “Emerson Electric Enters Oversold Territory” and published on September 09, 2016 is yet another important article.
EMR Company Profile
Emerson Electric Co., incorporated on September 24, 1890, is engaged in providing solutions for 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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