BNP Paribas Initiates Coverage on Emerson Electric (NYSE:EMR)

BNP Paribas began coverage on shares of Emerson Electric (NYSE:EMR) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $155.00 price target on the industrial products company’s stock. BNP Paribas’ price target would indicate a potential upside of 20.11% from the company’s current price.

EMR has been the topic of several other research reports. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley began coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. KeyCorp raised their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Stock Down 0.9 %

Emerson Electric stock opened at $129.05 on Wednesday. Emerson Electric has a twelve month low of $87.17 and a twelve month high of $131.56. 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 has a 50 day moving average of $109.98 and a 200-day moving average of $109.71. The stock has a market capitalization of $73.91 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter valued at $29,000. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at $31,000. Meeder Asset Management Inc. grew its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the third quarter worth $33,000. 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.