Emerson Electric (NYSE:EMR) Price Target Raised to $159.00 at Deutsche Bank Aktiengesellschaft

Emerson Electric (NYSE:EMR - Get Free Report) had its target price raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $157.00 to $159.00 in a research note issued on Thursday,MarketScreener reports. The firm currently has a "buy" rating on the industrial products company's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 19.50% from the company's current price.

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Several other equities research analysts have also commented on the stock. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $144.88.

Check Out Our Latest Stock Analysis on EMR

Emerson Electric Trading Up 1.4%

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EMR opened at $133.06 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The firm has a market capitalization of $74.88 billion, a PE ratio of 28.65, a P/E/G ratio of 2.49 and a beta of 1.29. The company's 50-day moving average is $134.71 and its 200 day moving average is $124.26.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm's revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. As a group, research analysts predict that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Institutional Trading of Emerson Electric

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Hedge funds have recently made changes to their positions in the stock. Impact Capital Partners LLC increased its holdings in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Emerson Electric by 1.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company's stock valued at $578,000 after purchasing an additional 71 shares in the last quarter. Jag Capital Management LLC increased its stake in Emerson Electric by 1.9% during the 2nd quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company's stock worth $527,000 after buying an additional 72 shares in the last quarter. Beacon Financial Advisory LLC grew its position in shares of Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company's stock valued at $369,000 after purchasing an additional 77 shares in the last quarter. Finally, Petros Family Wealth LLC lifted its stake in Emerson Electric by 0.9% during the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company's stock worth $1,243,000 after purchasing an additional 80 shares in the last quarter. 74.30% of the stock is owned by 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.

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