Barclays Issues Positive Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its price objective boosted by analysts at Barclays from $99.00 to $104.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price target points to a potential downside of 7.60% from the company’s current price.

Several other brokerages also recently issued reports on EMR. Morgan Stanley increased their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. KeyCorp lowered their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Robert W. Baird dropped their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Citigroup reduced their price objective on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.88.

Emerson Electric Price Performance

EMR stock opened at $112.55 on Thursday. The firm has a 50-day moving average of $106.79 and a two-hundred day moving average of $118.45. The firm has a market capitalization of $63.47 billion, a PE ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric has a one year low of $90.06 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. On average, analysts forecast that Emerson Electric will post 5.96 earnings per share for the current year.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock worth $374,581,000 after purchasing an additional 2,946,310 shares during the period. Raymond James Financial Inc. acquired a new stake in Emerson Electric during the fourth quarter worth $297,947,000. Pacer Advisors Inc. increased its holdings in Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after buying an additional 2,138,397 shares during the period. Finally, Boston Partners raised its stake in shares of Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Company Profile

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.