Emerson Electric Co. (NYSE:EMR)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $54.90, but opened at $55.23. Emerson Electric shares last traded at $56.04, with a volume of 2,793,411 shares changing hands.

Several equities analysts have commented on EMR shares. Morgan Stanley raised their target price on shares of Emerson Electric from $48.00 to $50.00 in a research note on Thursday, April 7th. TheStreet raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, April 12th. Barclays PLC raised their target price on shares of Emerson Electric from $47.00 to $54.00 and gave the company an “equal weight” rating in a research note on Monday, April 18th. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a $49.00 price objective (up previously from $41.00) on shares of Emerson Electric in a research note on Tuesday, April 19th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.76.

The stock’s 50 day moving average is $52.55 and its 200-day moving average is $50.84. The firm has a market capitalization of $36.06 billion and a price-to-earnings ratio of 19.19.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The business earned $4.90 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, equities research analysts forecast that Emerson Electric Co. will post $3.08 earnings per share for the current year.

A number of institutional investors have made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Emerson Electric by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 41,576,785 shares of the company’s stock valued at $1,988,618,000 after buying an additional 671,505 shares in the last quarter. Morgan Stanley raised its position in shares of Emerson Electric by 37.3% in the fourth quarter. Morgan Stanley now owns 4,652,802 shares of the company’s stock valued at $222,544,000 after buying an additional 1,264,487 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Emerson Electric by 4.3% in the fourth quarter. Brandes Investment Partners LP now owns 2,683,350 shares of the company’s stock valued at $128,345,000 after buying an additional 111,807 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Emerson Electric by 1.6% in the fourth quarter. OppenheimerFunds Inc. now owns 2,623,265 shares of the company’s stock valued at $125,491,000 after buying an additional 41,201 shares in the last quarter. Finally, Eaton Vance Management raised its position in shares of Emerson Electric by 0.8% in the fourth quarter. Eaton Vance Management now owns 2,319,396 shares of the company’s stock valued at $110,937,000 after buying an additional 18,788 shares in the last quarter.

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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