Emerson Electric (NYSE:EMR) Given New $110.00 Price Target at JPMorgan Chase & Co.

Emerson Electric (NYSE:EMR) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $135.00 to $110.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.93% from the stock’s previous close.

EMR has been the subject of a number of other reports. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $132.72.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded down $1.26 during midday trading on Tuesday, reaching $95.71. 1,711,567 shares of the company traded hands, compared to its average volume of 2,856,842. The firm’s fifty day moving average price is $117.75 and its two-hundred day moving average price is $119.79. The firm has a market capitalization of $53.97 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric has a 12 month low of $90.06 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS 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%. On average, equities analysts expect that Emerson Electric will post 5.96 earnings per share for the current year.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Emerson Electric during the fourth quarter valued at approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock valued at $374,581,000 after buying an additional 2,946,310 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth approximately $297,947,000. Boston Partners grew its holdings in shares of Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock worth $411,944,000 after buying an additional 1,913,120 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after acquiring an additional 1,426,718 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.