KeyCorp Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Emerson Electric (NYSE:EMR) had its price target hoisted by research analysts at KeyCorp from $125.00 to $140.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target suggests a potential upside of 10.07% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lowered their price objective on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.65.

Emerson Electric Stock Performance

NYSE EMR opened at $127.19 on Wednesday. The stock has a market capitalization of $72.84 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 1.68 and a beta of 1.30. The stock has a 50-day moving average of $107.50 and a 200 day moving average of $109.05. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. Emerson Electric has a twelve month low of $84.61 and a twelve month high of $127.74.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. Sell-side analysts anticipate that Emerson Electric will post 5.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norden Group LLC acquired a new position in shares of Emerson Electric during the first quarter worth about $231,000. Mediolanum International Funds Ltd acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $398,000. Texas Permanent School Fund Corp lifted its position in shares of Emerson Electric by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 118,175 shares of the industrial products company’s stock worth $13,403,000 after purchasing an additional 467 shares during the last quarter. Advisory Services Network LLC increased its holdings in Emerson Electric by 17.3% in the first quarter. Advisory Services Network LLC now owns 30,470 shares of the industrial products company’s stock valued at $3,456,000 after buying an additional 4,496 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in Emerson Electric by 3.4% in the first quarter. Empirical Finance LLC now owns 21,014 shares of the industrial products company’s stock valued at $2,383,000 after buying an additional 692 shares in the last quarter. 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.