Emerson Electric (NYSE:EMR) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Emerson Electric (NYSE:EMR) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, FinViz reports. The brokerage currently has a $138.00 price target on the industrial products company’s stock, up from their prior price target of $123.00. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 22.50% from the company’s current price.

Several other equities research analysts have also recently commented on EMR. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada boosted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Bank of America boosted their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. KeyCorp lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Mizuho raised their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Three 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.31.

Emerson Electric Trading Up 4.9 %

NYSE EMR opened at $112.65 on Thursday. 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. Emerson Electric has a 1-year low of $76.94 and a 1-year high of $115.26. The stock has a 50-day moving average of $110.61 and a 200-day moving average of $99.95. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

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

Insider Activity

In other 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 value of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMR. Accordant Advisory Group Inc purchased a new position in Emerson Electric during the first quarter valued at approximately $29,000. Tobam increased its stake in Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Security National Bank purchased a new position in Emerson Electric in the 4th quarter worth $29,000. Tributary Capital Management LLC acquired a new stake in Emerson Electric during the 1st quarter valued at approximately $35,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. 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.