Emerson Electric (NYSE:EMR) Given New $150.00 Price Target at KeyCorp

Emerson Electric (NYSE:EMR - Get Free Report) had its price objective upped by stock analysts at KeyCorp from $125.00 to $150.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the industrial products company's stock. KeyCorp's price target suggests a potential upside of 19.57% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Barclays boosted their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Royal Bank of Canada boosted their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wells Fargo & Company boosted their target price on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Citigroup boosted their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $136.47.

Emerson Electric Price Performance

EMR stock traded down $1.27 during trading on Friday, hitting $125.45. The company had a trading volume of 3,368,277 shares, compared to its average volume of 2,954,959. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company has a market cap of $70.57 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a fifty day moving average price of $111.72 and a two-hundred day moving average price of $118.47. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Equities research analysts expect that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's 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 now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently modified their holdings of the business. 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 worth $6,634,837,000 after buying an additional 384,313 shares during the period. Wellington Management Group LLP boosted its position in shares of Emerson Electric by 6.9% during 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 buying an additional 980,652 shares during the period. Geode Capital Management LLC boosted its position in shares of Emerson Electric by 2.0% during 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 buying an additional 232,540 shares during the period. JPMorgan Chase & Co. boosted 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 buying an additional 611,105 shares during the period. Finally, Norges Bank acquired a new position in shares of Emerson Electric during the fourth quarter worth about $885,886,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.