Emerson Electric (NYSE:EMR) Stock Gets Price Target Boost from DA Davidson

Key Points

• DA Davidson raised its Emerson Electric price target from $155 to $160 but kept a neutral rating; the new target implies about 5% downside from the prior close.
• Analyst sentiment overall remains positive: MarketBeat reports a Moderate Buy consensus and an average price target of $175.58.
• Emerson reported quarterly EPS of $1.86 and revenue of $5.20 billion, both slightly above analyst expectations. Shares rose 0.8% to $168.42 on Thursday.

Emerson Electric (NYSE:EMR - Get Free Report) had its target price hoisted by DA Davidson from $155.00 to $160.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. DA Davidson's target price would suggest a potential downside of 5.00% from the stock's previous close.

Several other analysts have also recently issued reports on EMR. Wells Fargo & Company increased their target price on Emerson Electric from $177.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, November 5th. TD Cowen boosted their price target on Emerson Electric from $150.00 to $170.00 and gave the stock a "hold" rating in a research report on Friday, September 25th. Deutsche Bank upped their price objective on Emerson Electric from $169.00 to $174.00 and gave the stock a "hold" rating in a research note on Wednesday, September 30th. Weiss Ratings raised Emerson Electric from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Finally, HSBC lifted their target price on Emerson Electric from $170.00 to $180.00 in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.58.

Emerson Electric Stock Up 0.8%

NYSE EMR traded up $1.36 during trading on Thursday, reaching $168.42. 551,788 shares of the company's stock traded hands, compared to its average volume of 2,964,548. Emerson Electric has a 12-month low of $122.64 and a 12-month high of $172.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.70. The firm has a market cap of $92.39 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.35 and a beta of 1.23. The company's 50 day simple moving average is $158.89 and its two-hundred day simple moving average is $147.90.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.01. The firm had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.11 billion. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The company's revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 EPS. As a group, sell-side analysts forecast that Emerson Electric will post 7.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Emerson Electric during the second quarter valued at about $6,193,425,000. State Street Corp boosted its stake in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company's stock worth $3,962,177,000 after purchasing an additional 403,957 shares in the last quarter. Bank of America Corp DE acquired a new stake in Emerson Electric in the 2nd quarter worth approximately $2,629,146,000. Fisher Asset Management LLC grew its position in Emerson Electric by 9.6% during the 3rd quarter. Fisher Asset Management LLC now owns 10,327,433 shares of the industrial products company's stock worth $1,601,785,000 after purchasing an additional 900,724 shares during the last quarter. Finally, ABS Investment Management LLC acquired a new position in Emerson Electric during the 2nd quarter valued at approximately $858,900,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Company Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

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