Emerson Electric (NYSE:EMR) Price Target Cut to $110.00

Emerson Electric (NYSE:EMRGet Rating) had its price target dropped by Deutsche Bank Aktiengesellschaft from $114.00 to $110.00 in a research report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 20.43% from the stock’s current price.

EMR has been the topic of a number of other research reports. Credit Suisse Group boosted their target price on Emerson Electric from $111.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 3rd. Oppenheimer raised Emerson Electric from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, March 9th. Morgan Stanley boosted their target price on Emerson Electric from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, February 3rd. StockNews.com assumed coverage on Emerson Electric in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Sanford C. Bernstein assumed coverage on Emerson Electric in a report on Monday, January 10th. They issued a “market perform” rating and a $100.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric has an average rating of “Buy” and a consensus target price of $108.26.

EMR opened at $91.34 on Thursday. The firm has a market cap of $54.34 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.42. Emerson Electric has a 52 week low of $83.42 and a 52 week high of $105.99. The business’s 50 day moving average is $94.45 and its two-hundred day moving average is $94.27. The company has a quick ratio of 1.60, a current ratio of 2.04 and a debt-to-equity ratio of 0.85.

Emerson Electric (NYSE:EMRGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.18 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.71 billion. Emerson Electric had a return on equity of 26.84% and a net margin of 14.85%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities analysts expect that Emerson Electric will post 4.98 EPS for the current fiscal year.

In other Emerson Electric news, insider Mark J. Bulanda sold 4,574 shares of the business’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $97.35, for a total transaction of $445,278.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Emerson Electric by 1.3% in the third quarter. BlackRock Inc. now owns 38,769,168 shares of the industrial products company’s stock valued at $3,652,054,000 after acquiring an additional 479,213 shares in the last quarter. State Street Corp lifted its position in shares of Emerson Electric by 0.6% in the fourth quarter. State Street Corp now owns 26,481,303 shares of the industrial products company’s stock valued at $2,461,967,000 after acquiring an additional 146,568 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Emerson Electric by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 9,938,655 shares of the industrial products company’s stock valued at $921,311,000 after acquiring an additional 303,487 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Emerson Electric by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,996,841 shares of the industrial products company’s stock valued at $836,436,000 after acquiring an additional 325,803 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $558,176,000. Institutional investors own 73.50% of the company’s stock.

Emerson Electric Company Profile (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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