Emerson Electric (NYSE:EMR) Given New $140.00 Price Target at KeyCorp

Emerson Electric (NYSE:EMR) had its price objective boosted by KeyCorp from $125.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price objective indicates a potential upside of 10.07% from the company’s current price.

Other research analysts have also issued research reports about the company. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Robert W. Baird raised their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company dropped their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.65.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $127.19 on Wednesday. Emerson Electric has a 12 month low of $84.61 and a 12 month high of $127.74. The firm has a market capitalization of $72.84 billion, a P/E ratio of 42.69, a P/E/G ratio of 1.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company’s fifty day moving average price is $107.50 and its 200 day moving average price is $109.05.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in shares of Emerson Electric by 183.6% in the first quarter. SG Americas Securities LLC now owns 81,875 shares of the industrial products company’s stock valued at $9,286,000 after buying an additional 53,003 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Emerson Electric by 55.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock valued at $931,000 after acquiring an additional 3,060 shares during the last quarter. Montag A & Associates Inc. lifted its stake in shares of Emerson Electric by 122.4% during the 1st quarter. Montag A & Associates Inc. now owns 18,775 shares of the industrial products company’s stock worth $2,129,000 after purchasing an additional 10,333 shares during the period. Bank of Montreal Can boosted its holdings in shares of Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after purchasing an additional 194,944 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Emerson Electric by 8.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock valued at $7,578,000 after purchasing an additional 5,416 shares during the period. Hedge funds and other 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.