Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Emerson Electric (NYSE:EMR) had its target price boosted by research analysts at Wells Fargo & Company from $177.00 to $180.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 10.92% from the company’s current price.

A number of other research analysts have also weighed in on EMR. Evercore dropped their price objective on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, August 31st. Stephens boosted their target price on shares of Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. Mizuho boosted their price objective on Emerson Electric from $173.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. TD Cowen lifted their target price on Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, September 25th. Finally, Citigroup increased their price target on Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $175.38.

Emerson Electric Stock Down 0.2%

Emerson Electric stock traded down $0.33 during mid-day trading on Thursday, reaching $162.28. The stock had a trading volume of 2,646,960 shares, compared to its average volume of 2,874,288. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. Emerson Electric has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The stock’s 50-day simple moving average is $157.91 and its 200-day simple moving average is $147.61. The firm has a market capitalization of $90.89 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Emerson Electric will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Institutional Trading of Emerson Electric

A number of hedge funds have recently bought and sold shares of EMR. Cornerstone Advisory LLC boosted its position in Emerson Electric by 1.5% in the third quarter. Cornerstone Advisory LLC now owns 4,382 shares of the industrial products company’s stock worth $680,000 after purchasing an additional 64 shares during the last quarter. Diversified Trust Co grew its stake in Emerson Electric by 4.9% in the 3rd quarter. Diversified Trust Co now owns 35,847 shares of the industrial products company’s stock valued at $5,560,000 after purchasing an additional 1,686 shares during the period. Aberdeen Group plc increased its position in shares of Emerson Electric by 47.8% during the 3rd quarter. Aberdeen Group plc now owns 911,129 shares of the industrial products company’s stock valued at $141,316,000 after purchasing an additional 294,490 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Emerson Electric by 0.3% in the 3rd quarter. Moors & Cabot Inc. now owns 99,011 shares of the industrial products company’s stock worth $15,357,000 after buying an additional 272 shares during the last quarter. Finally, Compass Capital Management Inc. grew its position in Emerson Electric by 69.0% during the third quarter. Compass Capital Management Inc. now owns 3,675 shares of the industrial products company’s stock valued at $570,000 after buying an additional 1,500 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric News Roundup

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

About Emerson Electric

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.