KeyCorp Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its price objective lowered by equities research analysts at KeyCorp from $158.00 to $125.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target points to a potential upside of 19.56% from the stock’s current price.

EMR has been the topic of several other research reports. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Citigroup initiated coverage on shares of Emerson Electric in a research report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley lifted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.72.

Emerson Electric Price Performance

EMR stock opened at $104.55 on Tuesday. The stock has a market capitalization of $58.96 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company’s 50-day moving average is $115.29 and its 200-day moving average is $119.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Institutional Trading of Emerson Electric

Institutional investors have recently modified their holdings of the company. Howard Capital Management Group LLC raised its stake in Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after buying an additional 180 shares in the last quarter. Centiva Capital LP raised its stake in Emerson Electric by 15.1% in the third quarter. Centiva Capital LP now owns 3,850 shares of the industrial products company’s stock worth $421,000 after buying an additional 506 shares in the last quarter. Morse Asset Management Inc bought a new position in Emerson Electric in the third quarter worth about $123,000. Orion Portfolio Solutions LLC raised its stake in Emerson Electric by 6.3% in the third quarter. Orion Portfolio Solutions LLC now owns 27,587 shares of the industrial products company’s stock worth $3,017,000 after buying an additional 1,630 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in Emerson Electric by 35.9% in the third quarter. MML Investors Services LLC now owns 136,681 shares of the industrial products company’s stock worth $14,949,000 after buying an additional 36,076 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

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.