Emerson Electric’s (EMR) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Emerson Electric (NYSE:EMR) in a research report sent to investors on Thursday,Benzinga reports. Royal Bank of Canada currently has a $138.00 price target on the industrial products company’s stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Finally, Robert W. Baird upped their price target on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $127.49 on Thursday. Emerson Electric has a 12 month low of $96.62 and a 12 month high of $134.85. The stock has a market capitalization of $72.61 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50-day moving average of $126.78 and a 200 day moving average of $116.66.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data 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 11.73% and a net margin of 11.25%. As a group, sell-side analysts forecast that Emerson Electric will post 5.91 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is 61.70%.

Hedge Funds Weigh In On Emerson Electric

A number of large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC raised its holdings in shares of Emerson Electric by 3.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 16,291 shares of the industrial products company’s stock valued at $2,019,000 after buying an additional 509 shares during the period. Callan Family Office LLC grew its stake in Emerson Electric by 147.3% during the 4th quarter. Callan Family Office LLC now owns 8,549 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 5,092 shares in the last quarter. Candriam S.C.A. grew its stake in Emerson Electric by 8.3% during the 4th quarter. Candriam S.C.A. now owns 1,130,641 shares of the industrial products company’s stock valued at $140,120,000 after purchasing an additional 86,474 shares in the last quarter. Ethos Financial Group LLC acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $208,000. Finally, Inceptionr LLC acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $529,000. 74.30% of the stock is currently owned by hedge funds and other 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.