Emerson Electric (NYSE:EMR) Price Target Raised to $135.00 at Wells Fargo & Company

Emerson Electric (NYSE:EMR) had its target price increased by stock analysts at Wells Fargo & Company from $128.00 to $135.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 6.87% from the company’s current price.

A number of other brokerages have also recently commented on EMR. Barclays lifted their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Oppenheimer increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, KeyCorp upped their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.71.

Emerson Electric Price Performance

NYSE:EMR traded up $8.65 during midday trading on Wednesday, hitting $126.32. The company had a trading volume of 2,015,891 shares, compared to its average volume of 2,704,591. The stock’s fifty day moving average price is $107.04 and its 200-day moving average price is $108.92. Emerson Electric has a 52-week low of $83.10 and a 52-week high of $126.61. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $72.34 billion, a PE ratio of 42.36, a P/E/G ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. The company 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%. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, research analysts expect that Emerson Electric will post 5.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EMR. Huntington National Bank raised its position in shares of Emerson Electric by 4.1% in the 3rd quarter. Huntington National Bank now owns 782,095 shares of the industrial products company’s stock worth $85,538,000 after purchasing an additional 31,075 shares during the last quarter. Summit Asset Management LLC increased its position in shares of Emerson Electric by 20.6% during the third quarter. Summit Asset Management LLC now owns 12,451 shares of the industrial products company’s stock valued at $1,362,000 after acquiring an additional 2,124 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in Emerson Electric by 3.0% in the 3rd quarter. Main Street Financial Solutions LLC now owns 8,862 shares of the industrial products company’s stock worth $969,000 after acquiring an additional 261 shares during the last quarter. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Emerson Electric by 91.1% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 71,256 shares of the industrial products company’s stock valued at $7,793,000 after purchasing an additional 33,978 shares in the last quarter. Finally, Credit Capital Investments LLC purchased a new position in Emerson Electric in the 3rd quarter worth about $273,000. Hedge funds and other institutional investors 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.