Emerson Electric (NYSE:EMR) Price Target Raised to $118.00 at Barclays

Emerson Electric (NYSE:EMR) had its price objective upped by investment analysts at Barclays from $112.00 to $118.00 in a report released on Monday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price target would suggest a potential downside of 6.28% from the stock’s current price.

A number of other research analysts have also issued reports on EMR. Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. KeyCorp dropped their target price on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their target price 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 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Emerson Electric Price Performance

Shares of EMR traded up $2.40 on Monday, reaching $125.91. The stock had a trading volume of 1,222,086 shares, compared to its average volume of 2,921,457. The firm has a 50-day moving average of $109.70 and a 200 day moving average of $118.43. The firm has a market capitalization of $70.82 billion, a PE ratio of 30.05, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued 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. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. Sell-side analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Capital Management LLC bought a new position in Emerson Electric during the 4th quarter valued at $25,000. Saudi Central Bank bought a new stake in Emerson Electric during the first quarter valued at $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $27,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $28,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.