Emerson Electric (NYSE:EMR) Now Covered by Analysts at Citigroup

Stock analysts at Citigroup started coverage on shares of Emerson Electric (NYSE:EMR) in a report released on Monday. The firm set a “buy” rating and a $132.00 price target on the industrial products company’s stock. Citigroup’s target price would suggest a potential upside of 17.75% from the company’s previous close.

Several other brokerages have also weighed in on EMR. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Stock Performance

Emerson Electric stock opened at $112.11 on Monday. Emerson Electric has a 12 month low of $96.62 and a 12 month high of $134.85. The stock’s 50-day moving average is $122.37 and its 200-day moving average is $118.96. The company has a market cap of $63.22 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in Emerson Electric in the 4th quarter worth $25,000. Stephens Consulting LLC bought a new position in Emerson Electric during the fourth quarter valued at about $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the fourth quarter valued at $28,000. 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.