Barclays Increases Emerson Electric (NYSE:EMR) Price Target to $85.00

Emerson Electric (NYSE:EMR) had its price target lifted by stock analysts at Barclays from $80.00 to $85.00 in a report released on Tuesday, The Fly reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price target points to a potential downside of 6.69% from the company’s current price.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Emerson Electric from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, February 4th. Citigroup increased their target price on shares of Emerson Electric from $94.00 to $98.00 in a research report on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Monday, December 14th. UBS Group upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $69.00 to $100.00 in a research note on Friday, January 15th. Finally, The Goldman Sachs Group upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the stock from $89.00 to $97.00 in a research note on Tuesday, January 19th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.21.

Shares of NYSE:EMR opened at $91.09 on Tuesday. Emerson Electric has a 52 week low of $46.34 and a 52 week high of $93.38. The company’s 50 day moving average is $89.14 and its two-hundred day moving average is $79.56. The company has a current ratio of 1.52, a quick ratio of 1.19 and a debt-to-equity ratio of 0.75. The company has a market cap of $54.66 billion, a PE ratio of 28.11, a P/E/G ratio of 2.46 and a beta of 1.55.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Monday, February 1st. The industrial products company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.15. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $3.97 billion. Emerson Electric had a net margin of 11.71% and a return on equity of 25.98%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. As a group, equities research analysts expect that Emerson Electric will post 3.49 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in shares of Emerson Electric by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,266,125 shares of the industrial products company’s stock valued at $825,089,000 after purchasing an additional 273,272 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Emerson Electric by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,674,789 shares of the industrial products company’s stock valued at $697,193,000 after purchasing an additional 767,458 shares during the period. Norges Bank acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $411,979,000. UBS Asset Management Americas Inc. lifted its stake in shares of Emerson Electric by 27.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,058,573 shares of the industrial products company’s stock valued at $245,818,000 after purchasing an additional 649,823 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Emerson Electric by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,651,878 shares of the industrial products company’s stock valued at $213,131,000 after purchasing an additional 15,173 shares during the period. Hedge funds and other institutional investors own 73.59% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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