Emerson Electric (NYSE:EMR) Given New $112.00 Price Target at Barclays

Emerson Electric (NYSE:EMR - Get Free Report) had its price target raised by equities research analysts at Barclays from $104.00 to $112.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "underweight" rating on the industrial products company's stock. Barclays's price target would indicate a potential downside of 6.10% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup lifted their target price on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, KeyCorp lowered their price target 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and an average price target of $133.53.

Emerson Electric Stock Down 0.5%

EMR stock traded down $0.65 during mid-day trading on Friday, reaching $119.27. 4,057,167 shares of the company traded hands, compared to its average volume of 2,931,099. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The firm's 50 day moving average price is $108.64 and its 200 day moving average price is $118.68. 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 stock has a market cap of $67.09 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter last year, the firm earned $1.36 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Emerson Electric by 0.7% in 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 acquiring an additional 384,313 shares in the last quarter. Wellington Management Group LLP lifted its stake in Emerson Electric by 6.9% in the first quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after purchasing an additional 980,652 shares during the last quarter. Geode Capital Management LLC lifted its stake in Emerson Electric by 2.0% in 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 purchasing an additional 232,540 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 worth $785,770,000 after purchasing an additional 611,105 shares during the last quarter. Finally, Norges Bank bought a new stake in Emerson Electric in the fourth quarter worth $885,886,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.