Emerson Electric (NYSE:EMR) PT Raised to $125.00

Emerson Electric (NYSE:EMRGet Free Report) had its price target raised by analysts at KeyCorp from $120.00 to $125.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target indicates a potential upside of 21.14% from the company’s previous close.

Several other brokerages have also recently commented on EMR. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $109.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. Mizuho upgraded Emerson Electric from a “neutral” rating to a “buy” rating and increased their target price for the company from $95.00 to $118.00 in a report on Thursday, January 4th. Citigroup dropped their price target on Emerson Electric from $112.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.06.

View Our Latest Analysis on Emerson Electric

Emerson Electric Stock Up 0.8 %

NYSE EMR opened at $103.19 on Thursday. The company has a market capitalization of $58.83 billion, a P/E ratio of 5.37, a PEG ratio of 1.89 and a beta of 1.34. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $105.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 2.35. The company’s 50 day simple moving average is $94.78 and its 200 day simple moving average is $94.13.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities research analysts expect that Emerson Electric will post 5.4 earnings per share for the current fiscal year.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was bought at an average cost of $88.20 per share, for a total transaction of $882,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 148,542 shares of the company’s stock, valued at $13,101,404.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently modified their holdings of EMR. Moneta Group Investment Advisors LLC grew its position in Emerson Electric by 105,280.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after purchasing an additional 54,365,954 shares during the last quarter. Norges Bank acquired a new stake in Emerson Electric during the fourth quarter worth about $764,604,000. Morgan Stanley raised its holdings in Emerson Electric by 28.4% in the 4th quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock valued at $1,136,909,000 after acquiring an additional 2,621,089 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Emerson Electric by 255.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company’s stock worth $270,771,000 after acquiring an additional 2,015,232 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Emerson Electric by 26.5% during the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. 72.02% of the stock is owned by institutional investors.

Emerson Electric Company Profile

(Get Free Report)

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.

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