Barclays Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Emerson Electric (NYSE:EMR - Get Free Report) had its price target lifted by equities researchers at Barclays from $112.00 to $118.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the industrial products company's stock. Barclays's target price would indicate a potential downside of 6.28% from the stock's previous close.

EMR has been the topic of several other research reports. Royal Bank of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company 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 report on Friday, May 9th. Wells Fargo & Company boosted their target price on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup lifted their target price on Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus target price of $135.00.

Emerson Electric Price Performance

EMR stock traded up $2.40 during mid-day trading on Monday, reaching $125.91. 1,222,086 shares of the company's stock were exchanged, compared to its average volume of 2,921,457. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $134.85. The stock's 50 day moving average is $109.70 and its 200 day moving average is $118.43. The company has a market cap of $70.82 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the firm posted $1.36 EPS. The business's revenue was up 1.3% on a year-over-year basis. On average, research analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business'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 value of $1,892,384.34. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of EMR. Vanguard Group Inc. grew its holdings in shares of Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after buying an additional 384,313 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after acquiring an additional 980,652 shares during the period. Geode Capital Management LLC increased its stake in shares of Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the period. JPMorgan Chase & Co. lifted its position in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after purchasing an additional 611,105 shares during the period. Finally, Norges Bank purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $885,886,000. Hedge funds and other institutional investors 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.

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