Emerson Electric (NYSE:EMR) Coverage Initiated at BNP Paribas

BNP Paribas started coverage on shares of Emerson Electric (NYSE:EMR - Get Free Report) in a report released on Wednesday, Marketbeat reports. The brokerage set an "outperform" rating and a $155.00 price target on the industrial products company's stock. BNP Paribas' target price suggests a potential upside of 19.08% from the company's previous close.

Several other equities research analysts also recently commented on the stock. KeyCorp boosted their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.00.

Emerson Electric Price Performance

Shares of EMR traded up $1.76 during mid-day trading on Wednesday, hitting $130.16. The company's stock had a trading volume of 2,013,741 shares, compared to its average volume of 2,732,187. The firm has a 50-day moving average price of $109.40 and a 200 day moving average price of $109.56. The stock has a market capitalization of $74.54 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.16 and a beta of 1.30. 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 fifty-two week low of $87.17 and a fifty-two week high of $131.56.

Insiders Place Their Bets

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On Emerson Electric

Large investors have recently modified their holdings of the company. Newport Trust Company LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $574,908,000. Pathway Financial Advisers LLC lifted its holdings in shares of Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB boosted its stake in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after acquiring an additional 1,424,800 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company's stock valued at $131,918,000 after purchasing an additional 1,204,058 shares during the period. 74.30% of the stock is currently owned by institutional investors.

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.