Royal Bank of Canada Reiterates “Outperform” Rating for Emerson Electric (NYSE:EMR)

Emerson Electric (NYSE:EMR)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report issued on Thursday,Benzinga reports. They presently have a $138.00 target price on the industrial products company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 10.96% from the company’s previous close.

A number of other analysts have also weighed in on EMR. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Barclays lifted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. 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 target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Stock Down 2.4 %

EMR opened at $124.37 on Thursday. The company has a market cap of $70.83 billion, a P/E ratio of 36.37, a P/E/G ratio of 2.22 and a beta of 1.34. Emerson Electric has a 12 month low of $96.62 and a 12 month high of $134.85. The business’s 50-day moving average price is $126.68 and its 200-day moving average price is $116.74. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. On average, equities analysts expect that Emerson Electric will post 5.91 EPS for the current year.

Institutional Investors Weigh In On Emerson Electric

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB raised its holdings in shares of Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Larson Financial Group LLC raised its stake in Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares during the period. V Square Quantitative Management LLC increased its holdings in Emerson Electric by 82.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in Emerson Electric during the third quarter valued at approximately $443,000. 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.