Emerson Electric (NYSE:EMR) PT Lowered to $111.00

Emerson Electric (NYSE:EMRGet Rating) had its price objective lowered by investment analysts at Citigroup from $119.00 to $111.00 in a note issued to investors on Tuesday, The Fly reports. Citigroup’s price objective would indicate a potential upside of 31.44% from the company’s previous close.

Several other equities analysts have also weighed in on EMR. Credit Suisse Group lifted their target price on shares of Emerson Electric from $111.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 3rd. Morgan Stanley lifted their target price on shares of 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 initiated coverage on shares of Emerson Electric in a report on Thursday, March 31st. They set a “buy” rating on the stock. Oppenheimer reduced their target price on shares of Emerson Electric from $115.00 to $110.00 in a report on Monday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Emerson Electric from $114.00 to $110.00 in a report on Thursday, May 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $107.34.

Shares of EMR opened at $84.45 on Tuesday. The firm has a market cap of $50.16 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.42. The company’s fifty day moving average is $93.26 and its two-hundred day moving average is $93.58. Emerson Electric has a fifty-two week low of $81.01 and a fifty-two week high of $105.99. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77.

Emerson Electric (NYSE:EMRGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 15.16% and a return on equity of 27.72%. Emerson Electric’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. As a group, equities research analysts anticipate that Emerson Electric will post 5.04 earnings per share for the current year.

In other news, insider Mark J. Bulanda sold 4,574 shares of Emerson Electric stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total value of $445,278.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. TownSquare Capital LLC boosted its stake in Emerson Electric by 24.1% during the 3rd quarter. TownSquare Capital LLC now owns 17,628 shares of the industrial products company’s stock valued at $1,661,000 after purchasing an additional 3,419 shares during the period. Huntington National Bank boosted its stake in Emerson Electric by 0.7% during the 4th quarter. Huntington National Bank now owns 338,167 shares of the industrial products company’s stock valued at $31,440,000 after purchasing an additional 2,319 shares during the period. Lincoln National Corp boosted its stake in Emerson Electric by 3.4% during the 4th quarter. Lincoln National Corp now owns 9,225 shares of the industrial products company’s stock valued at $858,000 after purchasing an additional 305 shares during the period. Nicola Wealth Management LTD. boosted its stake in Emerson Electric by 28.3% during the 3rd quarter. Nicola Wealth Management LTD. now owns 68,000 shares of the industrial products company’s stock valued at $6,406,000 after purchasing an additional 15,000 shares during the period. Finally, Easterly Investment Partners LLC boosted its stake in Emerson Electric by 738.2% during the 3rd quarter. Easterly Investment Partners LLC now owns 53,427 shares of the industrial products company’s stock valued at $5,033,000 after purchasing an additional 47,053 shares during the period. 73.50% of the stock is owned by hedge funds and other institutional investors.

About Emerson Electric (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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