Loop Capital Boosts Emerson Electric (NYSE:EMR) Price Target to $155.00

Emerson Electric (NYSE:EMR) had its price objective upped by research analysts at Loop Capital from $130.00 to $155.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Loop Capital’s target price would indicate a potential upside of 16.21% from the company’s current price.

Several other research firms have also recently commented on EMR. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. BNP Paribas initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.11.

Emerson Electric Stock Down 0.3 %

Emerson Electric stock opened at $133.38 on Monday. The company has a market capitalization of $75.96 billion, a P/E ratio of 39.00, a P/E/G ratio of 2.25 and a beta of 1.34. The firm’s fifty day simple moving average is $117.99 and its 200-day simple moving average is $111.67. Emerson Electric has a 1-year low of $87.59 and a 1-year high of $134.17. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction 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 owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently modified their holdings of the business. Newport Trust Company LLC acquired a new stake in Emerson Electric during the second quarter worth about $574,908,000. Pathway Financial Advisers LLC increased its position in Emerson Electric by 10,993.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after purchasing an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp lifted its stake in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the last quarter. State Street Corp grew its stake in shares of Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

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.