Emerson Electric Company (EMR) Receives a Buy from Citi

Citi analyst Andrew Kaplowitz maintained a Buy rating on Emerson Electric Company yesterday and set a price target of $174.00. The company’s shares closed yesterday at $151.14.

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According to TipRanks, Kaplowitz is a top 25 analyst with an average return of 26.1% and a 75.61% success rate. Kaplowitz covers the Industrials sector, focusing on stocks such as Parker Hannifin, Mirion Technologies, and Honeywell International.

Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $164.19, an 8.63% upside from current levels. In a report released on February 5, KeyBanc also reiterated a Buy rating on the stock with a $185.00 price target.

Based on Emerson Electric Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.35 billion and a net profit of $605 million. In comparison, last year the company earned a revenue of $4.18 billion and had a net profit of $585 million

Based on the recent corporate insider activity of 63 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, Nicholas J. Piazza, the SVP & CPO of EMR sold 6,703.00 shares for a total of $1,066,179.18.