KeyCorp Increases Emerson Electric (NYSE:EMR) Price Target to $158.00

Emerson Electric (NYSE:EMR) had its target price hoisted by investment analysts at KeyCorp from $140.00 to $158.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price objective would suggest a potential upside of 22.31% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. JPMorgan Chase & Co. downgraded Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $132.00 to $115.00 in a report on Wednesday, August 14th. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Royal Bank of Canada reduced their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.17.

Emerson Electric Stock Down 1.0 %

EMR stock opened at $129.18 on Monday. The company’s 50 day moving average is $119.93 and its two-hundred day moving average is $112.19. Emerson Electric has a twelve month low of $89.17 and a twelve month high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $73.57 billion, a P/E ratio of 37.77, a PEG ratio of 2.20 and a beta of 1.34.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the business’s 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 approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Emerson Electric

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of Emerson Electric by 14.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,038 shares of the industrial products company’s stock valued at $1,877,000 after buying an additional 2,138 shares in the last quarter. Wedmont Private Capital increased its holdings in Emerson Electric by 11.3% during the 2nd quarter. Wedmont Private Capital now owns 4,851 shares of the industrial products company’s stock valued at $556,000 after acquiring an additional 494 shares in the last quarter. M&G Plc acquired a new position in Emerson Electric during the second quarter worth about $3,242,000. Maia Wealth LLC purchased a new stake in shares of Emerson Electric in the second quarter valued at about $331,000. Finally, Great Valley Advisor Group Inc. grew its position in shares of Emerson Electric by 11.6% in the second quarter. Great Valley Advisor Group Inc. now owns 18,834 shares of the industrial products company’s stock valued at $2,075,000 after purchasing an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.