Emerson Electric (NYSE:EMR) Given New $145.00 Price Target at Barclays

Emerson Electric (NYSE:EMR) had its price objective increased by equities research analysts at Barclays from $135.00 to $145.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 1.40% from the stock’s current price.

Several other research firms have also recently issued reports on EMR. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada cut their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Evercore ISI assumed coverage on Emerson Electric in a research report on Monday, December 15th. They set an “outperform” rating and a $170.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $150.76.

Emerson Electric Price Performance

EMR stock traded down $2.63 on Wednesday, reaching $142.99. The company had a trading volume of 1,136,664 shares, compared to its average volume of 2,856,010. The company’s fifty day moving average is $133.74 and its 200 day moving average is $134.50. The company has a market cap of $80.41 billion, a P/E ratio of 35.37, a PEG ratio of 2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. On average, research analysts forecast that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric declared that its board has approved a stock buyback plan on Wednesday, November 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the sale, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baldwin Wealth Partners LLC MA boosted its position in shares of Emerson Electric by 1.7% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 12,850 shares of the industrial products company’s stock worth $1,705,000 after buying an additional 220 shares during the period. Hilltop National Bank boosted its holdings in Emerson Electric by 84.7% in the 4th quarter. Hilltop National Bank now owns 883 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 405 shares during the period. Covea Finance grew its position in Emerson Electric by 5.4% in the fourth quarter. Covea Finance now owns 329,669 shares of the industrial products company’s stock valued at $43,754,000 after acquiring an additional 17,000 shares in the last quarter. Everhart Financial Group Inc. raised its stake in shares of Emerson Electric by 12.0% during the fourth quarter. Everhart Financial Group Inc. now owns 2,752 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 295 shares during the period. Finally, Davis Investment Partners LLC boosted its stake in shares of Emerson Electric by 3.0% in the fourth quarter. Davis Investment Partners LLC now owns 5,260 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.