Emerson Electric (NYSE:EMR) Price Target Increased to $135.00 by Analysts at Mizuho

Emerson Electric (NYSE:EMR) had its price objective raised by Mizuho from $130.00 to $135.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Mizuho’s target price would suggest a potential upside of 19.84% from the stock’s previous close.

EMR has been the topic of a number of other research reports. Bank of America upped their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Royal Bank of Canada increased their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. UBS Group upped their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. KeyCorp raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $119.41.

Emerson Electric Price Performance

Shares of EMR opened at $112.65 on Thursday. The business’s 50 day moving average price is $110.61 and its two-hundred day moving average price is $99.95. The firm has a market cap of $64.30 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. Emerson Electric has a 52-week low of $76.94 and a 52-week high of $115.26.

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

Insider Buying and Selling at Emerson Electric

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

Hedge Funds Weigh In On Emerson Electric

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