Emerson Electric (NYSE:EMR) Earns “Equal Weight” Rating from Wells Fargo & Company

Emerson Electric (NYSE:EMR)‘s stock had its “equal weight” rating reiterated by equities researchers at Wells Fargo & Company in a research note issued on Monday,Benzinga reports. They currently have a $140.00 price target on the industrial products company’s stock, down from their previous price target of $150.00. Wells Fargo & Company‘s price target suggests a potential upside of 3.86% from the company’s previous close.

A number of other brokerages have also recently weighed in on EMR. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Stephens boosted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Bank of America upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.29.

Emerson Electric Price Performance

Emerson Electric stock opened at $134.79 on Monday. The company’s 50 day simple moving average is $134.13 and its 200-day simple moving average is $124.73. The company has a market capitalization of $75.86 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. As a group, equities research analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently made changes to their positions in the stock. Impact Capital Partners LLC increased its holdings in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 71 shares during the last quarter. Jag Capital Management LLC grew its stake in Emerson Electric by 1.9% in the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares during the last quarter. Beacon Financial Advisory LLC grew its stake in Emerson Electric by 2.9% in the 2nd quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 77 shares during the last quarter. Finally, Petros Family Wealth LLC grew its stake in Emerson Electric by 0.9% in the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other 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.