Emerson Electric (NYSE:EMR) Stock Gets Price Target Bump from Sanford C. Bernstein

Emerson Electric (NYSE:EMR) had its price objective boosted by investment analysts at Sanford C. Bernstein from $186.00 to $196.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Sanford C. Bernstein‘s price target suggests a potential upside of 20.78% from the company’s current price.

EMR has been the topic of a number of other reports. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup raised their price objective on shares of Emerson Electric from $174.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Mizuho lifted their target price on shares of Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. DA Davidson boosted their target price on Emerson Electric from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. Finally, BMO Capital Markets upgraded Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. One 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $175.38.

Emerson Electric Price Performance

Emerson Electric stock traded down $0.33 during mid-day trading on Thursday, hitting $162.28. 2,646,960 shares of the company were exchanged, compared to its average volume of 2,874,288. The company 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. The business has a fifty day moving average of $157.91 and a 200 day moving average of $147.61. Emerson Electric has a 1-year low of $122.64 and a 1-year high of $172.00. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last issued its earnings results 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 13.83% and a return on equity of 17.58%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric will post 7.21 earnings per share for the current year.

Insiders Place Their Bets

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 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 owned 271,743 shares in the company, valued at $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Institutional Trading of Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raleigh Capital Management Inc. boosted its stake in shares of Emerson Electric by 21.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 363 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 63 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Emerson Electric by 1.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 5,828 shares of the industrial products company’s stock worth $904,000 after purchasing an additional 64 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in Emerson Electric by 1.5% in the 3rd quarter. Cornerstone Advisory LLC now owns 4,382 shares of the industrial products company’s stock valued at $680,000 after purchasing an additional 64 shares during the period. TOWER TRUST & INVESTMENT Co boosted its stake in Emerson Electric by 0.8% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company’s stock valued at $1,278,000 after purchasing an additional 66 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC increased its position in Emerson Electric by 0.6% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 12,044 shares of the industrial products company’s stock worth $1,868,000 after buying an additional 67 shares during the period. Institutional investors own 74.30% of the company’s stock.

Key Emerson Electric News

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.