Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, KeyCorp Analyst Says

Emerson Electric (NYSE:EMR) had its price target raised by analysts at KeyCorp from $125.00 to $140.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s target price would suggest a potential upside of 18.98% from the company’s current price.

EMR has been the subject of several other research reports. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Royal Bank of Canada decreased their price objective on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Barclays decreased their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.53.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $117.67 on Wednesday. The company has a 50 day moving average of $107.04 and a 200-day moving average of $108.92. Emerson Electric has a 1-year low of $83.10 and a 1-year high of $119.61. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market cap of $67.39 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. As a group, equities research analysts forecast that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

Hedge funds have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in shares of Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. increased its stake in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric in the third quarter worth about $33,000. Finally, Versant Capital Management Inc increased its stake in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares in the last quarter. 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.