JPMorgan Chase & Co. Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its target price reduced by analysts at JPMorgan Chase & Co. from $151.00 to $150.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.78% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Daiwa Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Wolfe Research decreased their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

Emerson Electric Trading Down 0.3%

Shares of Emerson Electric stock opened at $129.55 on Monday. The stock has a market capitalization of $72.91 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. Emerson Electric has a 52 week low of $90.06 and a 52 week high of $150.27. The stock has a 50 day moving average price of $132.30 and a two-hundred day moving average price of $130.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion for the quarter. As a group, equities analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Emerson Electric announced that its board has approved a share buyback program on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Emerson Electric

A number of large investors have recently added to or reduced their stakes in the stock. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric during the first quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the second quarter worth $29,000. Winnow Wealth LLC bought a new stake in shares of Emerson Electric in the second quarter valued at $34,000. Finally, PFS Partners LLC lifted its position in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. Hedge funds and other 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.