Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, Barclays Analyst Says

Emerson Electric (NYSE:EMR) had its price objective lifted by equities researchers at Barclays from $104.00 to $112.00 in a report issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price points to a potential downside of 6.10% from the stock’s previous close.

A number of other research analysts have also commented on EMR. Citigroup raised their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. 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 note on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

Emerson Electric Price Performance

NYSE EMR opened at $119.27 on Friday. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm has a market capitalization of $67.09 billion, a PE ratio of 28.47, a P/E/G ratio of 2.49 and a beta of 1.26. The company’s 50 day simple moving average is $108.64 and its 200 day simple moving average is $118.75.

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, beating analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Emerson Electric during the 1st quarter valued at $27,934,000. Jacobi Capital Management LLC boosted its stake in shares of Emerson Electric by 2.0% during the 1st quarter. Jacobi Capital Management LLC now owns 24,292 shares of the industrial products company’s stock valued at $2,663,000 after buying an additional 474 shares during the period. Advisors Capital Management LLC lifted its stake in shares of Emerson Electric by 0.7% in the 1st quarter. Advisors Capital Management LLC now owns 81,793 shares of the industrial products company’s stock valued at $8,968,000 after purchasing an additional 565 shares during the last quarter. WBI Investments LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $1,783,000. Finally, Chelsea Counsel Co. lifted its stake in shares of Emerson Electric by 5.9% in the 1st quarter. Chelsea Counsel Co. now owns 14,983 shares of the industrial products company’s stock valued at $1,643,000 after purchasing an additional 830 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

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.