Royal Bank of Canada Upgrades Emerson Electric (EMR) to “Outperform”

Emerson Electric (NYSE:EMR) was upgraded by Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report released on Tuesday, The Fly reports.

EMR has been the subject of a number of other research reports. Edward Jones downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen upgraded Emerson Electric to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, October 23rd. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $74.45 to $56.77 in a research report on Thursday, February 1st. Stifel Nicolaus restated a “buy” rating and set a $75.00 target price on shares of Emerson Electric in a research report on Monday, December 11th. Finally, Robert W. Baird raised their target price on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $67.65.

Shares of Emerson Electric (EMR) traded up $0.07 during mid-day trading on Tuesday, hitting $70.38. The company’s stock had a trading volume of 3,536,509 shares, compared to its average volume of 3,648,057. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02. Emerson Electric has a 52 week low of $56.77 and a 52 week high of $74.45. The company has a market cap of $45,170.00, a P/E ratio of 27.07, a P/E/G ratio of 2.38 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. equities analysts expect that Emerson Electric will post 3.12 EPS for the current year.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares in the company, valued at approximately $11,109,008.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bell Katherine Button sold 7,909 shares of Emerson Electric stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares of the company’s stock, valued at approximately $2,891,001.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,017 shares of company stock valued at $1,771,129. Corporate insiders own 0.84% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Emerson Electric by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock valued at $2,634,958,000 after buying an additional 497,625 shares during the period. BlackRock Inc. increased its stake in shares of Emerson Electric by 0.6% in the 4th quarter. BlackRock Inc. now owns 41,040,358 shares of the industrial products company’s stock valued at $2,860,104,000 after buying an additional 262,289 shares during the period. Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 4.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 14,322,835 shares of the industrial products company’s stock valued at $998,158,000 after buying an additional 564,510 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Emerson Electric by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,355,963 shares of the industrial products company’s stock valued at $839,288,000 after buying an additional 597,993 shares during the period. Finally, Capital World Investors increased its stake in shares of Emerson Electric by 4.6% in the 2nd quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock valued at $682,649,000 after buying an additional 500,000 shares during the period. Hedge funds and other institutional investors own 69.44% of the company’s stock.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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