Emerson Electric (NYSE:EMR) Given New $151.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Emerson Electric from $135.00 to $151.00, indicating a potential upside of 16.42% based on the company's previous close.
• Multiple analysts have differing opinions on Emerson Electric, with ratings ranging from "strong-buy" to "sell," and an average target price of $146.56.
• Emerson Electric has recently seen increased institutional investment, with major stakes raised by firms such as MJT & Associates and Revolve Wealth Partners, resulting in 74.30% of the company's stock being held by institutional investors.

Emerson Electric (NYSE:EMR - Get Free Report) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $135.00 to $151.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 16.42% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wolfe Research reduced their target price on Emerson Electric from $173.00 to $172.00 and set an "outperform" rating for the company in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a "buy" rating for the company in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $146.56.

Emerson Electric Stock Up 1.2%

EMR opened at $129.70 on Wednesday. Emerson Electric has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $73.00 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 2.23 and a beta of 1.29. The business has a 50 day moving average of $132.16 and a 200-day moving average of $125.51.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. As a group, sell-side analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EMR. MJT & Associates Financial Advisory Group Inc. raised its position in Emerson Electric by 53.7% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 375 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 131 shares during the last quarter. Apeiron RIA LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $242,000. Revolve Wealth Partners LLC increased its stake in shares of Emerson Electric by 3.5% in the third quarter. Revolve Wealth Partners LLC now owns 2,308 shares of the industrial products company's stock valued at $303,000 after buying an additional 79 shares in the last quarter. True North Advisors LLC increased its stake in shares of Emerson Electric by 14.8% in the third quarter. True North Advisors LLC now owns 2,790 shares of the industrial products company's stock valued at $366,000 after buying an additional 359 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Emerson Electric by 0.5% in the third quarter. Trust Co. of Vermont now owns 158,153 shares of the industrial products company's stock valued at $20,747,000 after buying an additional 818 shares in 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.

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