CLSA Downgrades Emerson Electric Co. to Underperform

Brokerage firm CLSA Downgrades its rating on Emerson Electric Co.(NYSE:EMR). The shares have been rated Underperform. Previously, the analysts had a Sell rating on the shares. The rating by CLSA was issued on Aug 3, 2016.

In a different note, On Jul 18, 2016, Barclays said it Maintains its rating on Emerson Electric Co.. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Equalweight’ by the firm. On May 11, 2016, Argus Research said it Upgrades its rating on Emerson Electric Co.. The shares have been rated ‘Buy’ by the firm.

Emerson Electric Co. (EMR) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.11% at a volume of 22,51,968. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.05. The peak price level was also seen at $54.05 while the days lowest was $53.71. Finally the shares closed at $53.97. The 52-week high of the shares is $56.82 while the 52-week low is $41.25. According to the latest information available, the market cap of the company is $34,732 M.

Emerson Electric Co.(EMR) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $5.13B. Analysts had an estimated revenue of $5.33B. Earnings per share were $0.80. Analysts had estimated an EPS of $0.84.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2015, Arthur F Golden (director) purchased 4,000 shares at $49.40 per share price.

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 company operates through five business segments: Process Management Industrial Automation Network Power Climate Technologies and Commercial & Residential Solutions. The Process Management segment provides measurement control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs manufactures installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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