Royal Bank Of Canada Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Emerson Electric (NYSE:EMR) had its price objective upped by stock analysts at Royal Bank Of Canada from $154.00 to $155.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 19.84% from the company’s current price.

EMR has been the topic of several other reports. Jefferies Financial Group cut their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Bank of America raised their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Price Performance

Emerson Electric stock opened at $129.34 on Thursday. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $150.27. The stock has a market capitalization of $72.79 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.23 and a beta of 1.29. The firm’s 50-day moving average is $131.93 and its two-hundred day moving average is $125.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

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

Institutional Trading of Emerson Electric

A number of hedge funds have recently made changes to their positions in EMR. Impact Capital Partners LLC boosted its holdings in Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 71 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Emerson Electric by 1.7% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,338 shares of the industrial products company’s stock valued at $578,000 after acquiring an additional 71 shares during the period. Jag Capital Management LLC boosted its holdings in shares of Emerson Electric by 1.9% during the second quarter. Jag Capital Management LLC now owns 3,954 shares of the industrial products company’s stock valued at $527,000 after acquiring an additional 72 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of Emerson Electric by 2.9% during the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 77 shares during the period. Finally, Revolve Wealth Partners LLC boosted its holdings in shares of Emerson Electric by 3.5% during the third quarter. Revolve Wealth Partners LLC now owns 2,308 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.