Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, Bank of America Analyst Says

Emerson Electric (NYSE:EMR - Get Free Report) had its price objective upped by investment analysts at Bank of America from $130.00 to $155.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Bank of America's price target suggests a potential upside of 12.90% from the company's current price.

A number of other equities research analysts have also recently commented on the company. Barclays lifted their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday, June 9th. Royal Bank Of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Citigroup upped their target price on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.61.

Emerson Electric Trading Down 0.4%

EMR stock traded down $0.50 during midday trading on Wednesday, reaching $137.30. The stock had a trading volume of 1,475,984 shares, compared to its average volume of 2,985,133. The firm has a market cap of $77.23 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 2.71 and a beta of 1.29. Emerson Electric has a twelve month low of $90.06 and a twelve month high of $139.90. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $121.74 and a two-hundred day simple moving average of $118.43.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Emerson Electric's revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Insider Transactions at Emerson Electric

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Hohimer Wealth Management LLC boosted its stake in shares of Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after buying an additional 95 shares during the last quarter. Clearstead Trust LLC boosted its position in Emerson Electric by 7.4% during the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 97 shares during the last quarter. Unison Advisors LLC grew its stake in Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 98 shares in the last quarter. One Wealth Advisors LLC increased its position in shares of Emerson Electric by 5.7% during the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after purchasing an additional 99 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its stake in shares of Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

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.