Emerson Electric (NYSE:EMR) Given New $116.00 Price Target at Robert W. Baird

Emerson Electric (NYSE:EMR) had its target price reduced by equities research analysts at Robert W. Baird from $120.00 to $116.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price would suggest a potential upside of 2.97% from the stock’s current price.

EMR has been the subject of a number of other reports. Royal Bank of Canada boosted their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Bank of America upped their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Citigroup lifted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Berenberg Bank raised their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Barclays boosted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.41.

Emerson Electric Stock Performance

Shares of EMR opened at $112.65 on Thursday. The firm’s fifty day simple moving average is $110.61 and its two-hundred day simple moving average is $99.95. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $64.30 billion, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, analysts predict that Emerson Electric will post 5.4 EPS for the current year.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after buying an additional 1,008,294 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares during the period. Wells Fargo & Company MN grew its position in shares of Emerson Electric by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after purchasing an additional 62,105 shares in the last quarter. Invesco Ltd. lifted its holdings in Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Finally, Norges Bank bought a new position in Emerson Electric in the 4th quarter worth about $764,604,000. 74.30% of the stock is currently owned by 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.