Emerson Electric (NYSE:EMR) Price Target Raised to $158.00

Emerson Electric (NYSE:EMR - Get Free Report) had its price target increased by research analysts at KeyCorp from $140.00 to $158.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. KeyCorp's price objective suggests a potential upside of 21.14% from the company's current price.

Other equities analysts have also recently issued research reports about the company. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. Royal Bank of Canada cut their price objective on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an "underweight" rating and a $105.00 price target on the stock. Barclays lifted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.17.

Emerson Electric Stock Down 0.4 %

EMR traded down $0.55 during trading hours on Monday, hitting $130.43. 2,859,382 shares of the company's stock were exchanged, compared to its average volume of 2,746,766. The stock has a market cap of $74.28 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.20 and a beta of 1.34. Emerson Electric has a 1-year low of $89.17 and a 1-year high of $134.85. The stock's 50-day moving average is $119.51 and its two-hundred day moving average is $112.07. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On Emerson Electric

A number of hedge funds have recently added to or reduced their stakes in EMR. Newport Trust Company LLC bought a new position in shares of Emerson Electric in the second quarter worth $574,908,000. Pathway Financial Advisers LLC increased its holdings in Emerson Electric by 10,993.2% in 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 period. Van ECK Associates Corp raised its position in shares of Emerson Electric by 107.2% in 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 buying an additional 2,016,075 shares in the last quarter. State Street Corp lifted its holdings in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Finally, Swedbank AB boosted 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 acquiring an additional 1,424,800 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

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.