Wells Fargo & Company Issues Positive Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its target price raised by investment analysts at Wells Fargo & Company from $140.00 to $145.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 1.88% from the stock’s current price.

EMR has been the subject of several other reports. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the company from $131.00 to $168.00 in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada dropped their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wolfe Research boosted their price objective on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $145.00 target price on shares of Emerson Electric in a report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.06.

Emerson Electric Stock Performance

Emerson Electric stock traded down $3.29 during mid-day trading on Wednesday, hitting $142.33. 2,779,798 shares of the company’s stock traded hands, compared to its average volume of 3,275,223. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.88 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $133.74 and a two-hundred day simple moving average of $134.50. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. The firm had revenue of $3.16 billion for the quarter. On average, research analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its Board of Directors has approved a stock buyback program on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the transaction, the chief executive officer directly owned 196,292 shares in the company, valued at $26,106,836. This represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in Emerson Electric during the 2nd quarter worth approximately $29,000. Wealth Watch Advisors INC acquired a new position in shares of Emerson Electric during the third quarter worth $33,000. Winnow Wealth LLC bought a new stake in shares of Emerson Electric in the second quarter worth $34,000. PFS Partners LLC increased its holdings in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Finally, Traub Capital Management LLC bought a new position in Emerson Electric during the 2nd quarter worth $37,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.