Emerson Electric (NYSE:EMR – Free Report) had its price objective upped by Citigroup from $182.00 to $198.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the industrial products company’s stock.
EMR has been the subject of several other reports. BMO Capital Markets upgraded Emerson Electric from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 1st. DA Davidson boosted their price target on shares of Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Emerson Electric from $169.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Stephens raised their price objective on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.38.
Get Our Latest Analysis on Emerson Electric
Emerson Electric Price Performance
EMR stock opened at $162.50 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.66. The business has a 50 day simple moving average of $157.82 and a 200-day simple moving average of $147.53. The firm has a market capitalization of $91.02 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Emerson Electric has a 1 year low of $122.64 and a 1 year high of $172.00.
Emerson Electric (NYSE:EMR – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that Emerson Electric will post 7.20 earnings per share for the current fiscal year.
Emerson Electric Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be given a $0.5950 dividend. The ex-dividend date is Friday, November 13th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.
Insider Transactions at Emerson Electric
In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Emerson Electric
A number of hedge funds have recently modified their holdings of the business. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Emerson Electric by 9.4% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock valued at $14,563,000 after acquiring an additional 8,700 shares during the period. BlackRock Inc. acquired a new position in shares of Emerson Electric in the 2nd quarter worth approximately $6,193,425,000. Corient Private Wealth LP purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $129,817,000. Generali Investments Management Co LLC boosted its position in shares of Emerson Electric by 91.2% during the 2nd quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock worth $4,486,000 after purchasing an additional 14,952 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Emerson Electric by 4.0% in the 2nd quarter. NewEdge Advisors LLC now owns 438,351 shares of the industrial products company’s stock valued at $62,750,000 after purchasing an additional 16,806 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Emerson Electric
Here are the key news stories impacting Emerson Electric this week:
- Positive Sentiment: Several firms raised their price targets and kept positive ratings: Citigroup lifted its target to $198, BNP Paribas Exane to $200, and RBC and Bernstein to $196. These revisions suggest analysts see further upside. Citigroup rating
- Positive Sentiment: Fiscal Q4 adjusted EPS of $1.86 and revenue of $5.20 billion topped analyst estimates. Orders rose 14%, supported by software and systems strength, while the company’s initial FY2027 outlook calls for sales growth. Q4 earnings and outlook
- Positive Sentiment: Emerson raised its quarterly dividend by 7.2% to $0.595 per share, extending its long record of annual increases and adding to shareholder returns. Company results and dividend announcement
- Negative Sentiment: The positive results may be tempered by a cautious FY2027 outlook, which appears to have disappointed investors’ expectations. The stock’s rich valuation may also leave less room for execution or guidance shortfalls. Report on outlook
About Emerson Electric
Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.
The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.
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