Emerson Electric (NYSE:EMR) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Emerson Electric (NYSE:EMR) in a research report sent to investors on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $138.00 price target on the industrial products company’s stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday. 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 objective on the stock. Finally, Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Up 2.2 %

NYSE:EMR opened at $127.49 on Thursday. Emerson Electric has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a market capitalization of $72.61 billion, a P/E ratio of 37.28, a P/E/G ratio of 2.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The business has a 50 day simple moving average of $126.78 and a 200 day simple moving average of $116.66.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is 61.70%.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors have recently bought and sold shares of EMR. Czech National Bank raised its position in shares of Emerson Electric by 7.0% during the third quarter. Czech National Bank now owns 116,665 shares of the industrial products company’s stock worth $12,760,000 after acquiring an additional 7,646 shares during the last quarter. Brookstone Capital Management raised its position in shares of Emerson Electric by 16.8% during the third quarter. Brookstone Capital Management now owns 11,978 shares of the industrial products company’s stock worth $1,310,000 after acquiring an additional 1,727 shares during the last quarter. Sovereign Financial Group Inc. bought a new stake in shares of Emerson Electric during the third quarter worth $204,000. Future Financial Wealth Managment LLC bought a new stake in shares of Emerson Electric during the third quarter worth $55,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Emerson Electric by 72.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,179 shares of the industrial products company’s stock worth $566,000 after acquiring an additional 2,168 shares during the last quarter. Institutional investors 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.