Emerson Electric (NYSE:EMR - Get Free Report) had its price objective decreased by analysts at Wells Fargo & Company from $145.00 to $140.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's target price would suggest a potential upside of 16.07% from the stock's previous close.
A number of other equities research analysts have also recently commented on EMR. BNP Paribas started coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price objective on the stock. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price objective for the company. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, September 26th. Jefferies Financial Group assumed coverage on Emerson Electric in a research report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective on the stock. Finally, KeyCorp lifted their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $134.84.
Read Our Latest Analysis on Emerson Electric
Emerson Electric Price Performance
EMR stock traded down $1.47 during midday trading on Tuesday, hitting $120.62. 2,622,183 shares of the stock were exchanged, compared to its average volume of 2,098,021. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market cap of $68.70 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.20 and a beta of 1.35. Emerson Electric has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The stock's 50-day moving average price is $126.20 and its 200-day moving average price is $114.54.
Insider Buying and Selling
In other news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Newport Trust Company LLC bought a new stake in Emerson Electric during the second quarter valued at $574,908,000. Pathway Financial Advisers LLC grew its position in shares of Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company's stock valued at $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after acquiring an additional 2,016,075 shares during the last quarter. State Street Corp boosted its stake in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Finally, Swedbank AB raised its position 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 purchasing an additional 1,424,800 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.
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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