Barclays Issues Pessimistic Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its price objective cut by equities researchers at Barclays from $105.00 to $99.00 in a report released on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Barclays‘s target price indicates a potential downside of 0.13% from the stock’s current price.

A number of other research analysts have also commented on the company. Citigroup began coverage on Emerson Electric in a research note on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday. KeyCorp lowered their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.39.

Emerson Electric Stock Performance

Shares of EMR stock traded down $5.31 during trading hours on Thursday, reaching $99.13. 708,716 shares of the company’s stock were exchanged, compared to its average volume of 2,877,083. Emerson Electric has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The stock has a market capitalization of $55.90 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.49 and a beta of 1.28. The business has a fifty day moving average price of $115.29 and a 200-day moving average price of $119.42. 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 (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after purchasing an additional 232,540 shares during the period. Norges Bank acquired a new stake in Emerson Electric during the fourth quarter worth about $885,886,000. Nordea Investment Management AB increased its holdings in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after buying an additional 375,470 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock worth $827,377,000 after acquiring an additional 370,560 shares during the period. 74.30% of the stock is currently owned by 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.