Emerson Electric (NYSE:EMR) Price Target Raised to $135.00

Emerson Electric (NYSE:EMR - Get Free Report) had its price target raised by research analysts at Wells Fargo & Company from $121.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's price objective would suggest a potential upside of 14.71% from the company's current price.

A number of other equities analysts have also weighed in on EMR. Robert W. Baird dropped their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 target price for the company. Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Citigroup lifted their target price on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $133.06.

Emerson Electric Stock Performance

EMR traded down $0.30 during trading on Wednesday, hitting $117.69. The company's stock had a trading volume of 348,772 shares, compared to its average volume of 2,901,266. Emerson Electric has a one year low of $90.06 and a one year high of $134.85. The business's 50 day simple moving average is $107.75 and its 200-day simple moving average is $119.08. 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 has a market cap of $66.20 billion, a PE ratio of 28.08, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Emerson Electric 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 transaction, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares during the period. Wellington Management Group LLP grew its position in Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock valued at $1,675,403,000 after acquiring an additional 980,652 shares during the last quarter. Geode Capital Management LLC increased 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 period. JPMorgan Chase & Co. lifted its position in shares of Emerson Electric by 9.3% during 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 purchased a new stake in shares of Emerson Electric during the fourth quarter valued at $885,886,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Company Profile

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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