Royal Bank of Canada Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its target price cut by equities research analysts at Royal Bank of Canada from $139.00 to $138.00 in a research note issued to investors on Wednesday,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 7.59% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday. Oppenheimer raised their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Barclays increased their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Robert W. Baird upped their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.65.

Emerson Electric Stock Performance

EMR traded up $1.07 on Wednesday, hitting $128.26. 593,396 shares of the company’s stock were exchanged, compared to its average volume of 2,722,039. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $107.50 and a two-hundred day moving average of $109.05. Emerson Electric has a twelve month low of $85.00 and a twelve month high of $128.48. The firm has a market cap of $73.45 billion, a PE ratio of 37.19, a P/E/G ratio of 1.68 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of EMR. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Emerson Electric during the third quarter worth $7,180,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Emerson Electric by 20.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,412 shares of the industrial products company’s stock valued at $1,248,000 after buying an additional 1,970 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of Emerson Electric by 89.0% in the 3rd quarter. Prospera Financial Services Inc now owns 61,974 shares of the industrial products company’s stock valued at $6,781,000 after buying an additional 29,179 shares in the last quarter. OneAscent Financial Services LLC bought a new position in Emerson Electric during the third quarter valued at approximately $312,000. Finally, Meeder Advisory Services Inc. lifted its stake in Emerson Electric by 1.2% in the third quarter. Meeder Advisory Services Inc. now owns 14,871 shares of the industrial products company’s stock valued at $1,626,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors 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.