Emerson Electric (NYSE:EMR) PT Raised to $135.00

Emerson Electric (NYSE:EMR) had its price objective lifted by stock analysts at Mizuho from $130.00 to $135.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Mizuho’s price target suggests a potential upside of 19.84% from the company’s current price.

A number of other research firms have also recently commented on EMR. KeyCorp upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays raised their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.41.

Emerson Electric Trading Up 4.9 %

Shares of EMR opened at $112.65 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $110.61 and a 200 day moving average price of $99.95. Emerson Electric has a 12-month low of $76.94 and a 12-month high of $115.26. The firm has a market capitalization of $64.30 billion, a P/E ratio of 5.87, a P/E/G ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. Sell-side analysts forecast that Emerson Electric will post 5.4 EPS for the current year.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tobam grew its stake in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Emerson Electric during the first quarter worth $29,000. Security National Bank purchased a new position in Emerson Electric in the 4th quarter valued at $29,000. Cape Investment Advisory Inc. increased its stake in Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the period. Finally, Burkett Financial Services LLC purchased a new position in Emerson Electric during the 4th quarter worth $32,000. Hedge funds and other institutional investors 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.