Emerson Electric (NYSE:EMR) Stock Price Expected to Rise, KeyCorp Analyst Says

Emerson Electric (NYSE:EMR) had its price target increased by analysts at KeyCorp from $170.00 to $200.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp‘s price target suggests a potential upside of 23.24% from the stock’s previous close.

Several other brokerages have also commented on EMR. Wells Fargo & Company initiated coverage on Emerson Electric in a research report on Friday, September 25th. They set an “overweight” rating and a $177.00 price objective for the company. HSBC upped their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Morgan Stanley decreased their price target on shares of Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a research note on Tuesday. BMO Capital Markets raised shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 1st. Finally, Stephens upped their price objective on shares of Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $175.38.

Emerson Electric Trading Down 0.2%

Shares of EMR stock traded down $0.33 during trading hours on Thursday, reaching $162.28. The company’s stock had a trading volume of 2,646,960 shares, compared to its average volume of 2,874,288. The stock has a market capitalization of $90.89 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.31 and a beta of 1.23. The firm’s fifty day simple moving average is $157.91 and its 200 day simple moving average is $147.61. Emerson Electric has a one year low of $122.64 and a one year high of $172.00. The company has a current ratio of 0.90, a quick ratio of 0.66 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the previous year, the firm earned $1.62 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Emerson Electric will post 7.21 EPS for the current year.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

Institutional Trading of Emerson Electric

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Emerson Electric during the second quarter valued at $6,193,425,000. State Street Corp increased its holdings in Emerson Electric by 1.5% in the 2nd quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock worth $3,962,177,000 after buying an additional 403,957 shares in the last quarter. Bank of America Corp DE purchased a new position in Emerson Electric in the 2nd quarter worth about $2,629,146,000. Fisher Asset Management LLC boosted its holdings in shares of Emerson Electric by 9.6% during the 3rd quarter. Fisher Asset Management LLC now owns 10,327,433 shares of the industrial products company’s stock valued at $1,601,785,000 after acquiring an additional 900,724 shares during the last quarter. Finally, ABS Investment Management LLC purchased a new stake in shares of Emerson Electric during the 2nd quarter valued at about $858,900,000. Institutional investors own 74.30% of the company’s stock.

Trending Headlines about Emerson Electric

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.