Emerson Electric (NYSE:EMR) Price Target Raised to $135.00

Emerson Electric (NYSE:EMR) had its price objective lifted by analysts at Barclays from $116.00 to $135.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential upside of 1.44% from the company’s previous close.

A number of other brokerages also recently weighed in on EMR. Oppenheimer boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group began coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $132.17.

Emerson Electric Price Performance

Shares of EMR stock traded down $1.24 during trading hours on Thursday, hitting $133.09. 400,422 shares of the company’s stock were exchanged, compared to its average volume of 2,737,929. The stock’s 50-day moving average is $118.59 and its 200-day moving average is $111.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric has a 52 week low of $87.59 and a 52 week high of $134.85. The stock has a market cap of $75.80 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34.

Insider Activity

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

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently bought and sold shares of EMR. Old North State Trust LLC acquired a new position in shares of Emerson Electric in the third quarter valued at $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 during the last quarter. Tidal Investments LLC lifted its position in 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 during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Emerson Electric by 120.1% during 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 increased its stake in shares of Emerson Electric by 20.7% during the third quarter. World Investment Advisors LLC now owns 14,744 shares of the industrial products company’s stock worth $1,613,000 after purchasing an additional 2,532 shares during the period. Institutional investors and hedge funds 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.