Emerson Electric (NYSE:EMR) Stock Gets Price Target Increase from DA Davidson

Emerson Electric (NYSE:EMR) had its target price hoisted by equities researchers at DA Davidson from $155.00 to $160.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. DA Davidson‘s price objective indicates a potential downside of 5.00% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. KeyCorp increased their price target on shares of Emerson Electric from $170.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. TD Cowen lifted their price objective on shares of Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, September 25th. HSBC upped their price objective on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Emerson Electric from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. Finally, Sanford C. Bernstein raised their target price on shares of Emerson Electric from $186.00 to $196.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.58.

Emerson Electric Stock Performance

EMR traded up $1.36 on Thursday, reaching $168.42. 551,788 shares of the stock were exchanged, compared to its average volume of 2,964,548. The company’s 50-day moving average price is $158.89 and its 200 day moving average price is $147.90. Emerson Electric has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.70. The firm has a market capitalization of $92.39 billion, a PE ratio of 35.27, a PEG ratio of 2.35 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The company’s revenue was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that Emerson Electric will post 7.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Emerson Electric by 9.4% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock worth $14,563,000 after purchasing an additional 8,700 shares during the period. BlackRock Inc. acquired a new stake in Emerson Electric in the second quarter valued at approximately $6,193,425,000. Corient Private Wealth LP acquired a new stake in Emerson Electric in the second quarter valued at approximately $129,817,000. Generali Investments Management Co LLC increased its position in shares of Emerson Electric by 91.2% in the second quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock valued at $4,486,000 after buying an additional 14,952 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Emerson Electric by 4.0% in the second quarter. NewEdge Advisors LLC now owns 438,351 shares of the industrial products company’s stock valued at $62,750,000 after buying an additional 16,806 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.