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

Emerson Electric (NYSE:EMR) had its price objective raised by Citigroup from $182.00 to $198.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Citigroup‘s price objective would suggest a potential upside of 22.01% from the company’s current price.

Several other research firms have also issued reports on EMR. Wells Fargo & Company raised their price objective on Emerson Electric from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $169.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, October 9th. BMO Capital Markets upgraded Emerson Electric from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 1st. Morgan Stanley lowered their price target on Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.38.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $0.33 during mid-day trading on Thursday, hitting $162.28. 2,646,960 shares of the company’s stock traded hands, compared to its average volume of 2,874,288. The company’s 50-day moving average is $157.91 and its two-hundred day moving average is $147.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. The company has a market capitalization of $90.89 billion, a P/E ratio of 33.95, a PEG ratio of 2.31 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) last announced its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. On average, equities analysts anticipate that Emerson Electric will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s stock in a transaction 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 transaction, the chief executive officer 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 legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

Institutional Trading of Emerson Electric

Institutional investors and hedge funds have recently made changes to their positions in the business. ABS Investment Management LLC bought a new position in shares of Emerson Electric in the second quarter worth about $858,900,000. William Mack & Associates Inc. bought a new stake in Emerson Electric during the 3rd quarter valued at about $25,000. Financial Management Professionals Inc. lifted its holdings in Emerson Electric by 100.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. Next Level Wealth Planning LLC purchased a new stake in Emerson Electric in the 3rd quarter valued at about $27,000. Finally, Quest 10 Wealth Builders Inc. boosted its position in Emerson Electric by 113.3% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company’s stock valued at $30,000 after buying an additional 102 shares during the period. 74.30% of the stock is currently owned by institutional investors.

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

Emerson Electric Company Profile

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.