Wells Fargo & Company Raises Emerson Electric (NYSE:EMR) Price Target to $121.00

Emerson Electric (NYSE:EMR) had its price objective raised by equities research analysts at Wells Fargo & Company from $110.00 to $121.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 7.51% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Barclays lowered their price objective on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research note on Thursday, April 10th. Citigroup reduced their target price on Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird dropped their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.88.

Emerson Electric Trading Up 0.2 %

NYSE:EMR opened at $112.55 on Thursday. The business’s 50-day moving average is $106.79 and its two-hundred day moving average is $118.45. The firm has a market capitalization of $63.47 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric has a 12 month low of $90.06 and a 12 month 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.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company posted $1.36 EPS. Emerson Electric’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EMR. GDS Wealth Management lifted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company’s stock worth $491,000 after acquiring an additional 79 shares during the period. Mcdonald Partners LLC lifted its position in Emerson Electric by 0.6% in the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company’s stock worth $1,761,000 after purchasing an additional 81 shares during the period. Berkshire Bank boosted its stake in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC increased its position in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company’s stock valued at $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust lifted its holdings in shares of Emerson Electric by 5.4% in the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company’s stock valued at $217,000 after buying an additional 90 shares during the period. Institutional investors own 74.30% of the company’s stock.

About Emerson Electric

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.