Emerson Electric (NYSE:EMR) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Emerson Electric (NYSE:EMR) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, FinViz reports. The brokerage currently has a $138.00 price target on the industrial products company’s stock, up from their previous price target of $123.00. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 22.50% from the stock’s current price.

Several other research firms have also issued reports on EMR. Barclays increased their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Bank of America boosted their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $119.31.

Emerson Electric Stock Up 4.9 %

Shares of NYSE:EMR opened at $112.65 on Thursday. Emerson Electric has a 12-month low of $76.94 and a 12-month high of $115.26. The stock’s 50-day moving average price is $110.61 and its two-hundred day moving average price is $99.95. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a market cap of $64.30 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, research analysts forecast that Emerson Electric will post 5.4 EPS for the current year.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMR. Accordant Advisory Group Inc acquired a new position in Emerson Electric in the 1st quarter worth approximately $29,000. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Security National Bank purchased a new stake in Emerson Electric in the 4th quarter worth about $29,000. Tributary Capital Management LLC acquired a new stake in Emerson Electric during the 1st quarter worth about $35,000. Finally, Cape Investment Advisory Inc. grew its position in Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

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.