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Emerson Electric Company (EMR) Gets a Hold Rating from Mizuho Securities

Mizuho Securities analyst Brett Linzey maintained a Hold rating on Emerson Electric Company (EMRResearch Report) on March 28 and set a price target of $100.00. The company’s shares closed last Tuesday at $99.06.

According to TipRanks.com, Linzey is a 2-star analyst with an average return of 1.8% and a 54.2% success rate. Linzey covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Zurn Water Solutions, and Lennox International.

Currently, the analyst consensus on Emerson Electric Company is a Moderate Buy with an average price target of $108.67, a 10.1% upside from current levels. In a report issued on March 24, Wolfe Research also maintained a Hold rating on the stock with a $115.00 price target.

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Based on Emerson Electric Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.47 billion and net profit of $896 million. In comparison, last year the company earned revenue of $4.16 billion and had a net profit of $445 million.

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Emerson Electric Co. engages in the designing and manufacturing of engineering and technology products for industrial, commercial, and consumer markets worldwide. It offers measurement and analytical instrumentation, industrial solutions, actuators and regulators, valves, and process control systems and solutions. The company also provides products and services used in industrial and commercial refrigeration, commercial air conditioning, residential cooling and heating, and cold chain management.

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