RBC Capital Remains a Buy on Emerson Electric Company (EMR)

In a report released yesterday, Deane Dray from RBC Capital maintained a Buy rating on Emerson Electric Company, with a price target of $176.00. The company’s shares closed yesterday at $139.57.

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Dray covers the Industrials sector, focusing on stocks such as Lennox International, Dover, and Pentair. According to TipRanks, Dray has an average return of 13.7% and a 62.13% success rate on recommended stocks.

Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $165.47, a 18.56% upside from current levels. In a report released today, TipRanks – xAI also reiterated a Buy rating on the stock with a $156.00 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 65 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. Last month, Nicholas J. Piazza, the SVP & CPO of EMR sold 6,703.00 shares for a total of $1,066,179.18.