Emerson Electric (NYSE:EMR) Price Target Raised to $200.00

Emerson Electric (NYSE:EMR – Get Free Report) had its target price lifted by equities research analysts at KeyCorp from $170.00 to $200.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. KeyCorp‘s target price indicates a potential upside of 21.48% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. DA Davidson boosted their price target on Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, August 24th. Royal Bank Of Canada raised their price objective on Emerson Electric from $179.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Evercore dropped their price objective on Emerson Electric from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, August 31st. Finally, Morgan Stanley cut their target price on Emerson Electric from $145.00 to $140.00 and set an “underweight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.21.

Check Out Our Latest Analysis on Emerson Electric

Emerson Electric Stock Down 3.4%

Emerson Electric stock traded down $5.81 during midday trading on Thursday, hitting $164.63. 594,524 shares of the company were exchanged, compared to its average volume of 2,960,579. The company has a market cap of $92.21 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. Emerson Electric has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The company’s fifty day moving average price is $157.73 and its 200-day moving average price is $147.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66.

Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts predict that Emerson Electric will post 6.56 EPS for the current fiscal year.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. ABS Investment Management LLC bought a new stake in shares of Emerson Electric during the second quarter valued at approximately $858,900,000. William Mack & Associates Inc. bought a new position in Emerson Electric in the 3rd quarter worth approximately $25,000. Financial Management Professionals Inc. increased its position in Emerson Electric by 100.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 86 shares during the period. Next Level Wealth Planning LLC bought a new stake in shares of Emerson Electric during the third quarter valued at about $27,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in Emerson Electric by 113.3% in the third quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 102 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Key Stories Impacting Emerson Electric

Here are the key news stories impacting Emerson Electric this week:

About Emerson Electric

(Get Free Report)

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.

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Analyst Recommendations for Emerson Electric (NYSE:EMR)

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