Barclays Cuts Emerson Electric (NYSE:EMR) Price Target to $105.00

Emerson Electric (NYSE:EMR) had its target price dropped by Barclays from $110.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential downside of 8.94% from the company’s current price.

Several other equities research analysts have also recently commented on EMR. Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Loop Capital boosted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada restated an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Citigroup assumed coverage on Emerson Electric in a report on Monday, March 17th. They set a “buy” rating and a $132.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

Emerson Electric Stock Up 0.0 %

Shares of NYSE:EMR opened at $115.31 on Wednesday. The company has a 50 day moving average price of $121.44 and a two-hundred day moving average price of $119.50. The company has a market capitalization of $65.02 billion, a PE ratio of 27.42, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric will post 5.96 earnings per share for the current year.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently modified their holdings of the business. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric in the fourth quarter worth $27,000. Vega Investment Solutions bought a new stake in Emerson Electric during the fourth quarter worth about $27,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Emerson Electric during the fourth quarter worth about $28,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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.