Emerson Electric (NYSE:EMR) Price Target Raised to $165.00

Emerson Electric (NYSE:EMR - Get Free Report) had its price target hoisted by equities research analysts at Citigroup from $146.00 to $165.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Citigroup's target price indicates a potential upside of 17.64% from the stock's previous close.

Several other research firms have also recently commented on EMR. Bank of America upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada upped their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Barclays upped their target price on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.28.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $0.57 during trading on Monday, reaching $140.26. 3,252,853 shares of the company's stock traded hands, compared to its average volume of 3,007,218. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $142.32. The company has a 50 day moving average of $127.00 and a 200-day moving average of $119.28. The stock has a market capitalization of $78.90 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.71 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer owned 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently made changes to their positions in EMR. Stokes Family Office LLC lifted its position 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 in the last quarter. Clark Capital Management Group Inc. lifted its position in Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after buying an additional 434 shares in the last quarter. World Investment Advisors lifted its position in Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after buying an additional 6,079 shares in the last quarter. Geode Capital Management LLC lifted its position in Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after buying an additional 232,540 shares in the last quarter. Finally, StoneX Group Inc. lifted its position in Emerson Electric by 23.5% in the 4th quarter. StoneX Group Inc. now owns 32,927 shares of the industrial products company's stock worth $4,081,000 after buying an additional 6,264 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

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.