Emerson Electric (NYSE:EMR) PT Raised to $80.00

Marco Green
May 12, 2018

A month ago, analyst EPS consensus estimated earnings of US$0.72 per share. Clarkston Capital Partners Llc who had been investing in Emerson Elec Co for a number of months, seems to be less bullish one the $45.35 billion market cap company.

Emerson Electric traded up $0.05, reaching $71.98, during trading on Thursday, Marketbeat.com reports. About 610,005 shares traded.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 1st. EMR outperformed by 4.69% the S&P 500. Comerica Bank owned about 0.11% of Emerson Electric worth $48,720,000 at the end of the most recent reporting period. 112,442 shares of the company's stock were exchanged, compared to its average volume of 3,587,144. The stock increased 0.93% or $0.64 during the last trading session, reaching $69.34. About 428,502 shares traded. Since May 11, 2017 EMR has risen 16.24% and is uptrending. It has underperformed by 4.26% the S&P500.

Investors sentiment increased to 0.95 in Q4 2017. That's change of 0.09, from 2017Q3's 0.86. EMR has 2.35M shares volume. 353 rose stakes while 107 funds bought stakes. 429.74 million shares or 0.74% less from 432.93 million shares in 2017Q3 were reported.

Hightower Lc has invested 0.18% in Emerson Electric Co. Princeton Strategies Ltd Liability Corp has invested 0.58% in Emerson Electric Co. (NYSE:EMR). Shell Asset Mgmt owns 44,467 shs or 0.06% of their USA capital. 96,600 were accumulated by Rodgers Brothers. Ohio-based Strs Ohio has invested 0.29% in Emerson Electric Co. (NYSE:EMR). 26,085 were accumulated by Acropolis Investment Management Limited. Eaton Vance Mgmt holds 2.27 million shs or 0.38% of its capital. (NYSE:EMR). Horrell Capital Mngmt, Arkansas-based fund reported 200 shares. Texas Yale Capital Corp owns 22,765 shares. The company has its outstanding shares of 632.6 Million. Utd Automobile Association reported 641,216 shares. Stockholders of record on Friday, May 11th will be paid a $0.485 dividend.

More recent Emerson Electric Co. (NYSE:EMR) has 50% bullish analysts. (NYSE:EMR) news were released by Seekingalpha.com, Benzinga.com and Seekingalpha.com. The first one has "Emerson Electric: An Autonomous Future" as a title and was published on May 09, 2018. The company rating was downgraded by Edward Jones on Friday, November 17.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Therefore 41% are positive. Emerson Electric Co. had 91 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with "Equalweight" on Monday, July 18. The 1 year EPS growth rate is 88.70%. Alyeska Investment Group L.P. acquired a new stake in shares of Emerson Electric during the third quarter worth about $49,644,000. On Wednesday, April 4 Robert W. Baird maintained Emerson Electric Co. (NYSE:EMR) rating on Wednesday, July 19. Stifel Nicolaus' target price would suggest a potential upside of 11.92% from the stock's current price. This implies that they believe the stock has what it takes to lift the price another 1.96%. The stock of Emerson Electric Co. (NYSE:EMR) established that the company was able to keep return on investment at 12.92 in the trailing twelve month while Reuters data showed that industry's average stands at 11.08 and sector's optimum level is 8.65. Cowen reaffirmed a "buy" rating and issued a $78.00 target price on shares of Emerson Electric in a research report on Wednesday, April 18th. (NYSE:OKE) news were published by: Fool.com which released: "ONEOK Inc". The next is "Emerson Electric Q2 Earnings Preview" on April 30, 2018.

Emerson Electric Co. was covered by a number of analysts recently, 4 rated the stock as Buy, 9 rated Hold, 1 rated sell and 0 gave an Underperform. UBS maintained ONEOK, Inc. Wells Fargo upgraded ONEOK, Inc. (NYSE:EMR) to "Outperform" rating. The rating was maintained by Mizuho with "Hold" on Tuesday, January 23. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.70%. Robeco Institutional Asset Bv, a Netherlands-based fund reported 32,939 shares. Gemmer Asset Ltd Llc reported 1,011 shares. 455,394 were accumulated by Reaves W H Com. An M-Score lower than -2.22 indicates that the company will not be a manipulator. Price T Rowe Associate Md stated it has 0.01% of its portfolio in ONEOK, Inc. The shares of the corporation went up by 9.99% during the previous month. Pinnacle Assoc Ltd owns 4,585 shares for 0% of their portfolio.

Other reports by Click Lancashire

Discuss This Article