Emerson Electric (NYSE:EMR) Price Target Raised to $112.00 at Morgan Stanley

Emerson Electric (NYSE:EMR) had its target price boosted by investment analysts at Morgan Stanley from $105.00 to $112.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley’s price target indicates a potential downside of 10.27% from the company’s previous close.

A number of other research analysts also recently issued reports on EMR. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price on the stock. KeyCorp increased their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Loop Capital boosted their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Finally, UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.80.

Emerson Electric Price Performance

EMR stock opened at $124.81 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $126.78 and its 200 day simple moving average is $116.66. Emerson Electric has a 12-month low of $93.03 and a 12-month high of $134.85. The firm has a market cap of $71.08 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, analysts expect that Emerson Electric will post 5.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in Emerson Electric in the 4th quarter worth about $288,000. Jones Financial Companies Lllp boosted its position in Emerson Electric by 40.7% during the fourth quarter. Jones Financial Companies Lllp now owns 256,434 shares of the industrial products company’s stock worth $31,780,000 after purchasing an additional 74,166 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Emerson Electric by 26.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 4,495 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 949 shares in the last quarter. Bailard Inc. lifted its stake in shares of Emerson Electric by 10.0% during the 4th quarter. Bailard Inc. now owns 43,532 shares of the industrial products company’s stock valued at $5,395,000 after buying an additional 3,959 shares in the last quarter. Finally, Norden Group LLC boosted its holdings in Emerson Electric by 43.7% in the 4th quarter. Norden Group LLC now owns 2,765 shares of the industrial products company’s stock worth $343,000 after buying an additional 841 shares during the period. 74.30% of the stock is currently owned by hedge funds and other 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.