Argus Increases Emerson Electric (NYSE:EMR) Price Target to $98.00

Emerson Electric (NYSE:EMRGet Rating) had its price objective lifted by equities researchers at Argus from $95.00 to $98.00 in a research note issued to investors on Tuesday, The Fly reports. Argus’ price target points to a potential upside of 10.31% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup boosted their price objective on Emerson Electric to $99.00 in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $97.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Wells Fargo & Company upped their price target on Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 12th. Credit Suisse Group decreased their price target on Emerson Electric from $107.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Finally, Barclays decreased their price target on Emerson Electric from $87.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, July 8th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.77.

Emerson Electric Price Performance

Shares of EMR opened at $88.84 on Tuesday. Emerson Electric has a 52-week low of $76.16 and a 52-week high of $105.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06. The business’s 50 day moving average price is $83.89 and its two-hundred day moving average price is $89.37. The firm has a market cap of $52.53 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 2.08 and a beta of 1.41.

Emerson Electric (NYSE:EMRGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.10 billion. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, equities analysts anticipate that Emerson Electric will post 5.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Gibson Wealth Advisors LLC purchased a new stake in Emerson Electric during the 4th quarter worth about $37,000. California State Teachers Retirement System lifted its holdings in Emerson Electric by 3.7% during the 4th quarter. California State Teachers Retirement System now owns 1,082,820 shares of the industrial products company’s stock worth $100,670,000 after purchasing an additional 38,949 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Emerson Electric by 8.7% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 6,862 shares of the industrial products company’s stock worth $673,000 after purchasing an additional 550 shares in the last quarter. Stonnington Group LLC increased its stake in Emerson Electric by 4.4% in the 1st quarter. Stonnington Group LLC now owns 44,577 shares of the industrial products company’s stock worth $4,154,000 after acquiring an additional 1,865 shares during the last quarter. Finally, Regentatlantic Capital LLC increased its stake in Emerson Electric by 15.1% in the 1st quarter. Regentatlantic Capital LLC now owns 17,562 shares of the industrial products company’s stock worth $1,722,000 after acquiring an additional 2,305 shares during the last quarter. Hedge funds and other institutional investors own 73.50% of the company’s stock.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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