Equities research analysts at TD Cowen initiated coverage on shares of Emerson Electric (NYSE:EMR - Get Free Report) in a note issued to investors on Monday. The brokerage set a "buy" rating and a $150.00 price target on the industrial products company's stock. TD Cowen's price target suggests a potential upside of 6.66% from the company's current price.
Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada raised their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Barclays raised their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, June 9th. Finally, Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.83.
View Our Latest Stock Analysis on Emerson Electric
Emerson Electric Stock Performance
NYSE EMR traded up $0.84 during trading hours on Monday, hitting $140.64. The company had a trading volume of 2,237,601 shares, compared to its average volume of 3,003,232. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $142.31. 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 $123.79 and a 200-day simple moving average of $118.78. The firm has a market cap of $79.11 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.29.
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, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. Equities analysts predict that Emerson Electric will post 5.96 EPS for the current year.
Insider Transactions at Emerson Electric
In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated 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 sale, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.
Institutional Investors Weigh In On Emerson Electric
Several institutional investors have recently made changes to their positions in EMR. Brighton Jones LLC raised its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares in the last quarter. Assetmark Inc. raised its stake in shares of Emerson Electric by 12.3% in the 4th quarter. Assetmark Inc. now owns 8,715 shares of the industrial products company's stock valued at $1,080,000 after acquiring an additional 956 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Emerson Electric in the 4th quarter worth approximately $291,000. OFI Invest Asset Management bought a new position in Emerson Electric in the 4th quarter worth approximately $1,420,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Emerson Electric by 6.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 261,475 shares of the industrial products company's stock worth $32,405,000 after purchasing an additional 15,771 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.
About Emerson Electric
(
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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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