Wells Fargo & Company Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Emerson Electric (NYSE:EMR - Get Free Report) had its price target lifted by stock analysts at Wells Fargo & Company from $135.00 to $150.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's target price would indicate a potential upside of 8.85% from the stock's current price.

A number of other equities research analysts have also recently weighed in on EMR. JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Citigroup lifted their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday. Barclays boosted their price target on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada lifted their target price on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.61.

Emerson Electric Stock Up 1.7%

Shares of NYSE:EMR traded up $2.30 during trading on Tuesday, hitting $137.81. 2,874,569 shares of the company were exchanged, compared to its average volume of 2,977,463. The firm's 50 day moving average price is $119.72 and its 200-day moving average price is $118.20. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $138.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The stock has a market capitalization of $77.52 billion, a P/E ratio of 32.97, a PEG ratio of 2.63 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company 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 posted $1.36 earnings per share. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction 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 trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently modified their holdings of EMR. Hohimer Wealth Management LLC raised its holdings in Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after acquiring an additional 95 shares during the last quarter. Clearstead Trust LLC increased its stake in Emerson Electric by 7.4% in the first quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 97 shares during the last quarter. Unison Advisors LLC lifted its position in Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after buying an additional 98 shares during the period. One Wealth Advisors LLC boosted its stake in Emerson Electric by 5.7% in the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after buying an additional 99 shares during the last quarter. Finally, Texas Yale Capital Corp. grew its holdings in Emerson Electric by 0.7% in the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after buying an additional 100 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

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.