Emerson Electric Company (EMR) Stock Rating Reaffirmed by Royal Bank Of Canada

Emerson Electric Company (NYSE:EMR)‘s stock had its “neutral” rating reissued by Royal Bank Of Canada in a note issued to investors on Thursday, November 9th.

A number of other equities analysts also recently weighed in on EMR. Wells Fargo & Company reaffirmed a “market perform” rating and set a $65.00 target price (up previously from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America Corporation upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $67.00 target price (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.14.

Emerson Electric (NYSE:EMR) traded up $0.25 during midday trading on Thursday, reaching $61.88. 3,663,521 shares of the company’s stock traded hands, compared to its average volume of 3,408,883. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.43. Emerson Electric has a twelve month low of $53.92 and a twelve month high of $67.79. The stock has a market capitalization of $39,680.00, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.90 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. equities analysts expect that Emerson Electric will post 2.91 earnings per share for the current year.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total value of $117,980.00. Following the completion of the sale, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.79% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Fagan Associates Inc. boosted its holdings in shares of Emerson Electric by 19.3% in the 2nd quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 968 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Emerson Electric by 6.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 620 shares during the last quarter. Andra AP fonden boosted its holdings in Emerson Electric by 5.2% during the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock worth $5,682,000 after buying an additional 4,700 shares in the last quarter. Lipe & Dalton boosted its holdings in Emerson Electric by 1.3% during the second quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock worth $2,511,000 after buying an additional 560 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after buying an additional 2,404,844 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Analyst Recommendations for Emerson Electric (NYSE:EMR)

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