Emerson Electric (NYSE:EMR) Given New $153.00 Price Target at Royal Bank Of Canada

Emerson Electric (NYSE:EMR) had its price objective cut by equities researchers at Royal Bank Of Canada from $155.00 to $153.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 14.80% from the company’s current price.

Several other analysts also recently weighed in on EMR. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Stephens lifted their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, Daiwa Capital Markets boosted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $148.61.

Emerson Electric Trading Up 0.6%

Shares of EMR traded up $0.83 during trading on Thursday, reaching $133.28. 741,405 shares of the company traded hands, compared to its average volume of 3,067,543. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $75.01 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The stock has a 50-day simple moving average of $132.48 and a 200-day simple moving average of $129.32. Emerson Electric has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current year.

Emerson Electric declared that its board has approved a share repurchase program on Wednesday, November 5th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMR. Saudi Central Bank bought a new position in shares of Emerson Electric during the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric in the first quarter worth about $27,000. Darwin Wealth Management LLC acquired a new stake in Emerson Electric in the second quarter worth about $29,000. Winnow Wealth LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $34,000. Finally, PFS Partners LLC grew its position in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.