Emerson Electric (NYSE:EMR) Given New $150.00 Price Target at KeyCorp

Emerson Electric (NYSE:EMR) had its price target hoisted by research analysts at KeyCorp from $125.00 to $150.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price objective points to a potential upside of 19.57% from the stock’s current price.

A number of other research firms have also recently issued reports on EMR. Wells Fargo & Company lifted their price target on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Citigroup raised their price objective on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Barclays upped their price objective on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, June 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $136.47.

Emerson Electric Price Performance

NYSE:EMR opened at $125.45 on Friday. The firm has a market cap of $70.57 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company’s 50-day moving average price is $112.36 and its two-hundred day moving average price is $118.32. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $1.36 EPS. Emerson Electric’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric will post 5.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at $25,000. Saudi Central Bank acquired a new position in Emerson Electric in the first quarter valued at about $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the 1st quarter valued at about $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds 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.