Emerson Electric (NYSE:EMR - Get Free Report) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $135.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 9.64% from the company's current price.
A number of other brokerages have also recently weighed in on EMR. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. StockNews.com raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price target for the company. Citigroup began coverage on Emerson Electric in a research note on Monday, March 17th. They issued a "buy" rating and a $132.00 price objective on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.39.
Read Our Latest Stock Analysis on EMR
Emerson Electric Trading Up 0.6 %
Shares of EMR stock traded up $0.60 during trading on Tuesday, hitting $100.33. 3,621,137 shares of the stock traded hands, compared to its average volume of 2,899,380. The firm has a market capitalization of $56.57 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Emerson Electric has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm's fifty day moving average price is $114.17 and its 200-day moving average price is $119.34.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, research analysts forecast that Emerson Electric will post 5.96 earnings per share for the current fiscal year.
Institutional Trading of Emerson Electric
Institutional investors have recently modified their holdings of the business. Howard Capital Management Group LLC raised its stake in shares of Emerson Electric by 10.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company's stock worth $205,000 after buying an additional 180 shares during the last quarter. Centiva Capital LP raised its position in shares of Emerson Electric by 15.1% during the 3rd quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company's stock worth $421,000 after purchasing an additional 506 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Emerson Electric during the 3rd quarter valued at $123,000. Orion Portfolio Solutions LLC increased its position in Emerson Electric by 6.3% during the third quarter. Orion Portfolio Solutions LLC now owns 27,587 shares of the industrial products company's stock worth $3,017,000 after buying an additional 1,630 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Emerson Electric by 35.9% in the third quarter. MML Investors Services LLC now owns 136,681 shares of the industrial products company's stock worth $14,949,000 after acquiring an additional 36,076 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
About Emerson Electric
(
Get Free Report)
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.
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