Barclays Issues Positive Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its price target upped by equities research analysts at Barclays from $116.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective indicates a potential upside of 1.44% from the company’s previous close.

A number of other analysts also recently weighed in on EMR. Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Finally, BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.17.

Emerson Electric Price Performance

Shares of EMR stock traded down $1.24 during trading on Thursday, hitting $133.09. The company had a trading volume of 400,422 shares, compared to its average volume of 2,737,929. The stock’s 50-day moving average price is $118.59 and its 200 day moving average price is $111.83. Emerson Electric has a one year low of $87.59 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The firm has a market capitalization of $75.80 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Emerson Electric

Institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. lifted its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter worth approximately $33,000. 74.30% of the stock is owned by institutional investors and hedge funds.

About Emerson Electric

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.