Morgan Stanley Increases Emerson Electric (NYSE:EMR) Price Target to $112.00

Emerson Electric (NYSE:EMR) had its target price raised by investment analysts at Morgan Stanley from $105.00 to $112.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price objective suggests a potential downside of 10.27% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. KeyCorp lifted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays upped their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.80.

Emerson Electric Price Performance

NYSE EMR opened at $124.81 on Thursday. The firm’s 50 day moving average is $126.78 and its 200-day moving average is $116.66. Emerson Electric has a 12-month low of $93.03 and a 12-month high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $71.08 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. Equities research analysts anticipate that Emerson Electric will post 5.91 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the 3rd quarter worth approximately $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric during the 3rd quarter worth $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter worth about $30,000. Institutional investors and hedge funds 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.