Emerson Electric (NYSE:EMR - Get Free Report) had its target price dropped by investment analysts at Robert W. Baird from $140.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. Robert W. Baird's price target would indicate a potential upside of 18.40% from the stock's previous close.
Several other equities research analysts have also recently commented on the company. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 target price for the company. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. KeyCorp dropped their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. Finally, Barclays cut their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $132.33.
Check Out Our Latest Stock Analysis on Emerson Electric
Emerson Electric Trading Up 2.4 %
EMR opened at $109.80 on Thursday. The firm has a market capitalization of $61.92 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.49 and a beta of 1.26. The company's 50 day moving average price is $106.91 and its two-hundred day moving average price is $118.41. 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 fifty-two week low of $90.06 and a fifty-two week high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company earned $1.36 earnings per share. The firm's revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict 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 bought and sold shares of EMR. Stokes Family Office LLC boosted its holdings in Emerson Electric by 94.8% in the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after buying an additional 4,480 shares during the period. GHP Investment Advisors Inc. grew its holdings in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after buying an additional 6,321 shares in the last quarter. World Investment Advisors raised its position in shares of Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after buying an additional 6,079 shares during the last quarter. Howland Capital Management LLC boosted its position in shares of 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 acquiring an additional 3,054 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in 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 valued at $1,443,725,000 after acquiring an additional 232,540 shares in the last quarter. Institutional investors own 74.30% of the company's stock.
About Emerson Electric
(
Get Free Report)
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.
Further Reading
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