Emerson Electric (NYSE:EMR) Price Target Raised to $116.00 at Barclays

Emerson Electric (NYSE:EMR) had its target price hoisted by equities researchers at Barclays from $103.00 to $116.00 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. Barclays‘s price objective would suggest a potential downside of 9.66% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp increased their price target on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Stock Performance

Shares of EMR stock traded up $1.22 during trading hours on Wednesday, hitting $128.41. The stock had a trading volume of 568,986 shares, compared to its average volume of 2,722,039. The stock’s 50 day moving average is $107.50 and its 200 day moving average is $109.05. The firm has a market capitalization of $73.54 billion, a PE ratio of 37.19, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric has a twelve month low of $85.00 and a twelve month high of $128.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EMR. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the first quarter worth approximately $31,000. Meeder Asset Management Inc. raised its stake in Emerson Electric by 361.5% during 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 during the period. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth $33,000. 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.