Emerson Electric (NYSE:EMR) Given New $118.00 Price Target at Robert W. Baird

Emerson Electric (NYSE:EMR) had its price objective lifted by research analysts at Robert W. Baird from $117.00 to $118.00 in a research report issued on Monday. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 0.28% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company cut their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Royal Bank of Canada decreased their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

Emerson Electric Trading Up 7.2 %

EMR opened at $117.67 on Monday. The company has a market cap of $67.39 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a fifty day moving average price of $107.04 and a two-hundred day moving average price of $108.92. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric has a 1-year low of $83.10 and a 1-year high of $119.61.

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

Hedge Funds Weigh In On Emerson Electric

Large investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. grew 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 valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Versant Capital Management Inc grew its position in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

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.