Emerson Electric (NYSE:EMR) Price Target Raised to $145.00

Emerson Electric (NYSE:EMR - Get Free Report) had its target price upped by equities researchers at Stephens from $130.00 to $145.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the industrial products company's stock. Stephens' price objective would suggest a potential upside of 0.40% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Barclays lifted their price target on Emerson Electric from $118.00 to $125.00 and gave the company an "underweight" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Up 0.0%

Shares of EMR stock traded up $0.03 on Wednesday, hitting $144.42. The stock had a trading volume of 698,949 shares, compared to its average volume of 2,996,743. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $145.23. The stock has a market cap of $81.24 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29. The business has a 50 day moving average of $127.64 and a 200 day moving average of $119.42. 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 (NYSE:EMR - Get Free Report) last released its earnings results 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 13.22% and a net margin of 13.60%. The business 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 business posted $1.36 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer owned 164,957 shares of the company's stock, 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 is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

Institutional Trading of Emerson Electric

Institutional investors and hedge funds have recently modified their holdings of the business. Orion Capital Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth $25,000. Vega Investment Solutions bought a new position in Emerson Electric in the fourth quarter valued at about $27,000. Saudi Central Bank bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric in the 4th quarter worth approximately $28,000. Finally, Ameriflex Group Inc. bought a new stake in Emerson Electric during the fourth quarter valued at approximately $30,000. Institutional investors own 74.30% of the company's stock.

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.