Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Emerson Electric (NYSE:EMR) had its price target increased by research analysts at Royal Bank Of Canada from $188.00 to $196.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 20.78% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Mizuho lifted their price objective on Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Rothschild & Co Redburn raised their price target on Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. BNP Paribas Exane lifted their price target on Emerson Electric from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets raised Emerson Electric from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 1st. Finally, Sanford C. Bernstein raised their target price on Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Stock Performance

NYSE:EMR traded down $0.33 during midday trading on Thursday, reaching $162.28. The stock had a trading volume of 2,646,960 shares, compared to its average volume of 2,874,288. The firm has a fifty day simple moving average of $157.91 and a two-hundred day simple moving average of $147.61. Emerson Electric has a 12-month low of $122.64 and a 12-month high of $172.00. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The stock has a market cap of $90.89 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.31 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. Emerson Electric’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. On average, equities analysts expect that Emerson Electric will post 7.21 EPS for the current year.

Insider Activity

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds have recently added to or reduced their stakes in EMR. BlackRock Inc. purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $6,193,425,000. Bank of America Corp DE purchased a new stake in Emerson Electric in the 2nd quarter valued at approximately $2,629,146,000. Bank of New York Mellon Corp acquired a new stake in Emerson Electric during the 2nd quarter valued at $659,000,000. Legal & General Group Plc acquired a new stake in Emerson Electric during the 2nd quarter valued at $613,846,000. Finally, Jupiter Topco LLC purchased a new position in Emerson Electric during the second quarter worth $260,485,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Key Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.