Trading Report: The HSBC Begins Coverage on Emerson Electric Co. (EMR)

The HSBC Begins Coverage on Emerson Electric Co. (EMR)

HSBC started coverage on shares of Emerson Electric Co. (NYSE:EMR) in a report issued on Friday. The firm issued a reduce rating on the stock.

Several other research firms also recently commented on EMR. Zacks Investment Research downgraded shares of Emerson Electric from a hold rating to a sell rating in a report on Monday, July 18th. Wells Fargo & Co. reiterated a hold rating and issued a $52.00 price objective on shares of Emerson Electric in a report on Monday, July 18th. Barclays PLC reiterated an equal weight rating and issued a $55.00 price objective (down from $56.00) on shares of Emerson Electric in a report on Monday, July 18th. Buckingham Research downgraded shares of Emerson Electric from a neutral rating to an underperform rating and decreased their price objective for the company from $49.00 to $44.00 in a report on Friday, August 19th. Finally, Credit Suisse Group AG downgraded shares of Emerson Electric from an outperform rating to a neutral rating and set a $57.00 price objective on the stock. in a report on Friday, August 19th. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $51.91.

Emerson Electric (NYSE:EMR) opened at 50.79 on Friday. The firm has a market cap of $32.69 billion, a price-to-earnings ratio of 17.99 and a beta of 1.19. Emerson Electric has a 52 week low of $41.25 and a 52 week high of $56.82. The stock’s 50 day moving average is $52.55 and its 200 day moving average is $53.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.34 billion. Equities research analysts expect that Emerson Electric will post $2.92 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Capital One National Association increased its stake in Emerson Electric by 0.4% in the second quarter. Capital One National Association now owns 7,431 shares of the company’s stock worth $388,000 after buying an additional 27 shares in the last quarter. NEXT Financial Group Inc increased its stake in Emerson Electric by 0.6% in the second quarter. NEXT Financial Group Inc now owns 5,020 shares of the company’s stock worth $261,000 after buying an additional 31 shares in the last quarter. Telemus Capital LLC increased its stake in Emerson Electric by 0.9% in the third quarter. Telemus Capital LLC now owns 4,734 shares of the company’s stock worth $258,000 after buying an additional 43 shares in the last quarter. Maryland Capital Management increased its stake in Emerson Electric by 0.8% in the first quarter. Maryland Capital Management now owns 6,100 shares of the company’s stock worth $332,000 after buying an additional 50 shares in the last quarter. Finally, Telos Capital Management Inc. increased its stake in Emerson Electric by 1.1% in the second quarter. Telos Capital Management Inc. now owns 5,460 shares of the company’s stock worth $285,000 after buying an additional 60 shares in the last quarter. 69.40% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company Profile

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