Emerson Electric (NYSE:EMR) Stock Price Target Raised at Wells Fargo & Company

Emerson Electric (NYSE:EMR) had its target price hoisted by Wells Fargo & Company from $177.00 to $180.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

EMR has been the subject of a number of other research reports. HSBC increased their price target on shares of Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Emerson Electric from $179.00 to $188.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. Mizuho boosted their price objective on Emerson Electric from $173.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Sanford C. Bernstein upped their price objective on Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Trading Down 4.7%

Shares of EMR opened at $162.50 on Thursday. The stock has a market capitalization of $91.02 billion, a PE ratio of 25.94, a P/E/G ratio of 2.41 and a beta of 1.23. The company’s fifty day moving average is $157.82 and its 200 day moving average is $147.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.66 and a current ratio of 0.94. Emerson Electric has a fifty-two week low of $122.64 and a fifty-two week high of $172.00.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data 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 net margin of 14.15% and a return on equity of 18.08%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.11 billion. During the same quarter last year, the business earned $1.62 earnings per share. Emerson Electric’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric will post 7.20 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be given a dividend of $0.5950 per share. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 13th. Emerson Electric’s dividend payout ratio (DPR) is currently 48.58%.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’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 transaction, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Several institutional investors have recently bought and sold shares of the company. PensionDanmark Pensionsforsikringsaktieselskab increased its position 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 purchasing an additional 8,700 shares during the last quarter. BlackRock Inc. purchased a new position in Emerson Electric during the 2nd quarter worth approximately $6,193,425,000. Corient Private Wealth LP purchased a new stake in Emerson Electric in the 2nd quarter valued at $129,817,000. Generali Investments Management Co LLC grew its holdings in shares of Emerson Electric by 91.2% during the second quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock worth $4,486,000 after buying an additional 14,952 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Emerson Electric by 4.0% during the second quarter. NewEdge Advisors LLC now owns 438,351 shares of the industrial products company’s stock worth $62,750,000 after purchasing an additional 16,806 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric News Roundup

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.