Wolfe Research Raises Emerson Electric (NYSE:EMR) Price Target to $168.00

Emerson Electric (NYSE:EMR) had its target price raised by analysts at Wolfe Research from $165.00 to $168.00 in a research note issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Wolfe Research’s target price would suggest a potential upside of 31.05% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada dropped their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company reissued an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. JPMorgan Chase & Co. cut their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Emerson Electric Trading Up 3.6%

Shares of EMR opened at $128.19 on Friday. Emerson Electric has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market capitalization of $72.02 billion, a P/E ratio of 27.57, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm’s 50 day simple moving average is $131.42 and its 200 day simple moving average is $131.34.

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

Emerson Electric announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Emerson Electric

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Emerson Electric during the 2nd quarter valued at approximately $918,830,000. Nuveen LLC bought a new position in shares of Emerson Electric during the first quarter valued at approximately $737,318,000. JPMorgan Chase & Co. lifted its stake in Emerson Electric by 75.0% in the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after acquiring an additional 5,371,585 shares during the period. Schroder Investment Management Group boosted its holdings in Emerson Electric by 51.6% in the second quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock valued at $846,165,000 after acquiring an additional 2,159,126 shares in 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 purchasing an additional 2,138,397 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.