Emerson Electric (NYSE:EMR) had its target price increased by stock analysts at Morgan Stanley from $75.00 to $82.00 in a research report issued on Wednesday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s target price would indicate a potential upside of 11.13% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Credit Suisse Group increased their price objective on Emerson Electric from $73.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday. Cfra lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup reduced their target price on Emerson Electric from $79.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. ValuEngine upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Cowen lowered Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.86.

Shares of NYSE:EMR opened at $73.79 on Wednesday. Emerson Electric has a one year low of $55.38 and a one year high of $75.54. The stock has a fifty day moving average of $67.79 and a 200-day moving average of $64.99. The company has a market capitalization of $45.39 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 1.19.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric will post 3.65 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in EMR. Gradient Investments LLC raised its holdings in shares of Emerson Electric by 164.4% during the third quarter. Gradient Investments LLC now owns 386 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 240 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Emerson Electric by 12.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 382,028 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 43,374 shares in the last quarter. Ellevest Inc. raised its holdings in shares of Emerson Electric by 110.0% during the second quarter. Ellevest Inc. now owns 420 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 220 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Emerson Electric by 80.3% during the second quarter. Larson Financial Group LLC now owns 440 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 196 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC purchased a new stake in shares of Emerson Electric during the third quarter worth $31,000. Institutional investors and hedge funds own 70.32% of the company’s stock.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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