Barclays Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its price objective reduced by analysts at Barclays from $110.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the industrial products company’s stock. Barclays‘s price objective points to a potential downside of 6.32% from the stock’s previous close.

A number of other equities research analysts have also weighed in on EMR. Jefferies Financial Group started coverage on Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp upped their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $135.94.

Emerson Electric Stock Down 1.3 %

Emerson Electric stock opened at $112.09 on Wednesday. The stock has a market capitalization of $63.20 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $121.08 and a two-hundred day moving average of $119.41. Emerson Electric has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, research analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Institutional Trading of Emerson Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth approximately $27,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the fourth quarter worth approximately $28,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.