Wells Fargo Reaffirms Their Hold Rating on Emerson Electric Company (EMR)

In a report released on February 19, Joe O’Dea from Wells Fargo maintained a Hold rating on Emerson Electric Company, with a price target of $160.00. The company’s shares closed last Friday at $151.30.

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O’Dea covers the Industrials sector, focusing on stocks such as Dover, Honeywell International, and Parker Hannifin. According to TipRanks, O’Dea has an average return of 12.0% and a 63.47% success rate on recommended stocks.

In addition to Wells Fargo, Emerson Electric Company also received a Hold from Barclays’s Julian Mitchell in a report issued on February 18. However, on February 19, 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 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.