Emerson Electric Company (EMR) Receives a Hold from Davidson Capital
In a report released on June 16, from Davidson Capital initiated coverage with a Hold rating on Emerson Electric Company and a price target of $145.00. The company’s shares closed yesterday at $148.81.
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In addition to Davidson Capital, Emerson Electric Company also received a Hold from D.A. Davidson’s Chris Dankert in a report issued on June 16. However, on June 15, Bank of America Securities maintained a Buy rating on Emerson Electric Company (NYSE: EMR).
Based on Emerson Electric Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.56 billion and a net profit of $618 million. In comparison, last year the company earned a revenue of $4.43 billion and had a net profit of $485 million
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EMR in relation to earlier this year. Earlier this month, Ram R. Krishnan, the Executive Vice Pres & COO of EMR sold 11,500.00 shares for a total of $1,624,030.00.
Read More on EMR:
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- Emerson Rated Hold as Secular Growth Tailwinds Offset by Full Valuation and Execution Risks
- Emerson initiated with a Neutral at DA Davidson
- Bernstein starts Emerson at Outperform on lack of AI risk
- Emerson initiated with an Outperform at Bernstein
- Emerson to co-develop corrosion management solutions for Saudi Aramco
