Emerson Electric (NYSE:EMR) Given New $186.00 Price Target at Sanford C. Bernstein

Emerson Electric (NYSE:EMRGet Free Report) had its price target raised by stock analysts at Sanford C. Bernstein from $169.00 to $186.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 14.09% from the stock’s previous close.

Several other analysts also recently issued reports on EMR. JPMorgan Chase & Co. upgraded Emerson Electric from a “neutral” rating to an “overweight” rating and set a $157.00 price target for the company in a report on Friday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Emerson Electric in a research report on Friday, July 31st. Daiwa Securities Group lowered their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. KeyCorp reduced their target price on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada upped their target price on shares of Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Thirteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $166.96.

Get Our Latest Research Report on Emerson Electric

Emerson Electric Trading Down 0.7%

Emerson Electric stock traded down $1.19 during trading on Friday, reaching $163.03. The company had a trading volume of 1,044,759 shares, compared to its average volume of 3,113,704. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The firm has a market capitalization of $91.31 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 2.43 and a beta of 1.24. Emerson Electric has a 12-month low of $122.64 and a 12-month high of $166.35. The stock’s 50 day moving average price is $145.83 and its two-hundred day moving average price is $143.00.

Emerson Electric (NYSE:EMRGet Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Emerson Electric has set its FY 2026 guidance at 6.550-6.550 EPS and its Q4 2026 guidance at 1.850-1.850 EPS. As a group, equities analysts expect that Emerson Electric will post 6.56 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 9,650 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Emerson Electric during the 2nd quarter worth about $6,193,425,000. Norges Bank bought a new stake in Emerson Electric in the fourth quarter worth $1,050,040,000. Bank of New York Mellon Corp bought a new position in Emerson Electric during the second quarter valued at about $659,000,000. Legal & General Group Plc bought a new stake in shares of Emerson Electric during the 2nd quarter worth about $613,846,000. Finally, Bank of America Corp DE lifted its holdings in Emerson Electric by 13.1% in the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock worth $2,612,780,000 after purchasing an additional 2,302,055 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Company Profile

(Get Free Report)

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.

Recommended Stories

Analyst Recommendations for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.