Jefferies Financial Group Lowers Emerson Electric (NYSE:EMR) Price Target to $145.00

Emerson Electric (NYSE:EMR) had its price target cut by investment analysts at Jefferies Financial Group from $155.00 to $145.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the industrial products company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 13.11% from the stock’s previous close.

EMR has been the subject of several other research reports. Wells Fargo & Company restated 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. Daiwa Capital Markets raised their price target on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Royal Bank Of Canada cut their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Barclays boosted their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

Emerson Electric Stock Up 3.6%

Shares of EMR opened at $128.19 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $131.42 and a 200 day moving average of $131.34. The company has a market cap of $72.02 billion, a PE ratio of 27.57, a P/E/G 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.

Emerson Electric (NYSE:EMR) last announced its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion for the quarter. On average, sell-side analysts expect that Emerson Electric will post 5.96 EPS for the current year.

Emerson Electric announced that its Board of Directors has authorized a share repurchase program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to repurchase 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Emerson Electric in the second quarter valued at approximately $918,830,000. Nuveen LLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at $737,318,000. JPMorgan Chase & Co. boosted its position in shares of Emerson Electric by 75.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after purchasing an additional 5,371,585 shares in the last quarter. Schroder Investment Management Group grew its stake in Emerson Electric by 51.6% during the 2nd quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock worth $846,165,000 after buying an additional 2,159,126 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after buying an additional 2,138,397 shares in the last quarter. Hedge funds and other 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.