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

Emerson Electric (NYSE:EMR) had its price target upped by equities research analysts at Loop Capital from $130.00 to $155.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Loop Capital’s price objective indicates a potential upside of 16.21% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp lifted their price objective on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.11.

Emerson Electric Stock Down 0.3 %

Shares of EMR opened at $133.38 on Monday. The stock’s 50-day moving average price is $117.99 and its two-hundred day moving average price is $111.67. Emerson Electric has a 12 month low of $87.59 and a 12 month high of $134.17. The company has a market capitalization of $75.96 billion, a PE ratio of 39.00, a PEG ratio of 2.25 and a beta of 1.34. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

A number of hedge funds have recently modified their holdings of the stock. Old North State Trust LLC bought a new stake in shares of Emerson Electric in the third quarter valued at approximately $212,000. Franklin Resources Inc. grew its stake in Emerson Electric by 3.2% in the 3rd quarter. Franklin Resources Inc. now owns 586,319 shares of the industrial products company’s stock valued at $66,043,000 after buying an additional 17,913 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Emerson Electric by 12.0% during the third quarter. Tidal Investments LLC now owns 27,491 shares of the industrial products company’s stock worth $3,007,000 after acquiring an additional 2,937 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock worth $6,162,000 after acquiring an additional 30,741 shares during the period. Finally, World Investment Advisors LLC grew its position in shares of Emerson Electric by 20.7% in the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock valued at $1,613,000 after purchasing an additional 2,532 shares in the last quarter. Institutional investors 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.