Emerson Electric (NYSE:EMR) Now Covered by Citigroup

Research analysts at Citigroup initiated coverage on shares of Emerson Electric (NYSE:EMR - Get Free Report) in a report released on Monday, MarketBeat reports. The brokerage set a "buy" rating and a $132.00 price target on the industrial products company's stock. Citigroup's price objective would indicate a potential upside of 16.90% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a "buy" rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.22.

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Emerson Electric Trading Up 1.0 %

Shares of Emerson Electric stock traded up $1.12 during trading hours on Monday, reaching $112.92. 9,228,719 shares of the company's stock were exchanged, compared to its average volume of 2,658,330. The company has a fifty day moving average of $121.69 and a 200-day moving average of $118.97. Emerson Electric has a 52-week low of $96.62 and a 52-week high of $134.85. The firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts forecast that Emerson Electric will post 5.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds have recently bought and sold shares of the business. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Orion Capital Management LLC bought a new position in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Vega Investment Solutions acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $27,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the 4th quarter worth about $28,000. 74.30% of the stock is 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.