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

Emerson Electric (NYSE:EMR) had its price target raised by stock analysts at Loop Capital from $130.00 to $155.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Loop Capital’s price objective would suggest a potential upside of 16.89% from the stock’s current price.

A number of other research analysts have also commented on the stock. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada reduced their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.11.

Emerson Electric Trading Up 0.0 %

Shares of EMR stock opened at $132.60 on Monday. The firm has a market capitalization of $75.61 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. Emerson Electric has a 1 year low of $87.59 and a 1 year high of $134.17. The firm’s fifty day simple moving average is $116.88 and its 200 day simple moving average is $111.38. 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 Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the third quarter valued at about $29,000. Meeder Asset Management Inc. increased its position in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $33,000. 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.