Emerson Electric (NYSE:EMR) Price Target Raised to $159.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised its price target for Emerson Electric from $157.00 to $159.00, indicating a potential upside of 19.50% from the current stock price and maintaining a "buy" rating.
• Wells Fargo and Citigroup have both increased their price objectives for Emerson Electric, with Citigroup setting a target of $165.00 while giving the stock a "buy" rating.
• Emerson Electric reported a quarterly earnings per share of $1.52, slightly exceeding analyst estimates, with a revenue of $4.55 billion, up 3.9% year-over-year.

Emerson Electric (NYSE:EMR - Get Free Report) had its target price raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $157.00 to $159.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has a "buy" rating on the industrial products company's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 19.50% from the company's current price.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $144.88.

Emerson Electric Trading Up 1.4%

EMR opened at $133.06 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The firm has a market capitalization of $74.88 billion, a PE ratio of 28.65, a P/E/G ratio of 2.49 and a beta of 1.29. The company's 50-day moving average is $134.71 and its 200 day moving average is $124.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. As a group, research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

Hedge funds have recently made changes to their positions in the stock. Impact Capital Partners LLC increased its holdings in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company's stock valued at $578,000 after purchasing an additional 71 shares in the last quarter. Jag Capital Management LLC increased its stake in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company's stock worth $527,000 after buying an additional 72 shares in the last quarter. Beacon Financial Advisory LLC grew its position in shares of Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company's stock valued at $369,000 after purchasing an additional 77 shares in the last quarter. Finally, Petros Family Wealth LLC lifted its stake in Emerson Electric by 0.9% during the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company's stock worth $1,243,000 after purchasing an additional 80 shares in the last quarter. 74.30% of the stock is owned by 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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