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

Emerson Electric (NYSE:EMR - Get Free Report) had its price target increased by analysts at Citigroup from $133.00 to $146.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Citigroup's price target would indicate a potential upside of 19.24% from the company's previous close.

EMR has been the topic of several other reports. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Morgan Stanley increased their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Barclays increased their price target on shares of Emerson Electric from $104.00 to $112.00 and gave the company an "underweight" rating in a report on Friday, May 30th. Finally, Royal Bank of Canada raised their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.65.

Emerson Electric Stock Performance

Shares of EMR stock traded up $0.83 on Wednesday, reaching $122.44. The stock had a trading volume of 2,823,455 shares, compared to its average volume of 2,927,850. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm's 50-day moving average is $109.17 and its two-hundred day moving average is $118.66. The firm has a market capitalization of $68.87 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued 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. The company 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%. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 EPS. On average, research analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Insider Buying and Selling at Emerson Electric

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

Hedge Funds Weigh In On Emerson Electric

Large investors have recently modified their holdings of the business. Stokes Family Office LLC raised its stake in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after acquiring an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Emerson Electric by 8.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after acquiring an additional 6,321 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in Emerson Electric by 7.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after buying an additional 434 shares during the last quarter. World Investment Advisors raised its stake in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after buying an additional 6,079 shares during the last quarter. Finally, Howland Capital Management LLC raised its stake in Emerson Electric by 13.0% during the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after buying an additional 3,054 shares during the last quarter. 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.