Emerson Electric Company Gets a Hold Rating from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Gautam Khanna reiterated a Hold rating on Emerson Electric Company (NYSE: EMR) today and set a price target of $62. The company’s shares opened today at $59.49.

Khanna commented:

“CEO Farr’s update at EPG reiterated the bullish cyclical narrative articulated on.”

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 8.8% and a 67.3% success rate. Khanna covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Allegheny Technologies, and Carpenter Technology.

Emerson Electric Company has an analyst consensus of Hold, with a price target consensus of $62.75.

Emerson Electric Company’s market cap is currently $38.17B and has a P/E ratio of 26.95. The company has a book value ratio of 4.7681.

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Emerson Electric Co. engages in manufacturing and developing process controls systems, valves and analytical instruments. It operates through the following segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial and Residential Solutions. The Process Management segment involves in providing measurement, control, monitoring, engineering, and diagnostic capabilities for automated industrial processes producing items. The Industrial Automation segment offers manufacturing solutions. The Network Power segment includes designs, manufactures, installs, and maintains products provides electric power conditioning, power reliability and environmental control for telecommunications networks, data centers, and critical applications. The Climate Technologies segment comprises of products and services for the climate control industry which include residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial and Residential Solutions segment engages in the provision of tools for professionals and homeowners, home storage systems, and appliance solutions. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.