Emerson Electric (NYSE:EMR) Releases FY 2028 Earnings Guidance

Emerson Electric (NYSE:EMR) issued an update on its FY 2028 earnings guidance on Thursday morning. The company provided EPS guidance of 8.000-8.000 for the period, compared to the consensus EPS estimate of 7.150. The company issued revenue guidance of -.

Emerson Electric Price Performance

Shares of EMR traded down $3.31 during mid-day trading on Thursday, reaching $124.86. 1,394,907 shares of the company’s stock were exchanged, compared to its average volume of 3,052,780. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $131.83 and a two-hundred day simple moving average of $131.09. The company has a market cap of $70.14 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 2.36 and a beta of 1.30. Emerson Electric has a 52-week low of $90.06 and a 52-week high of $150.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, sell-side analysts predict that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is 54.95%.

Emerson Electric declared that its board has authorized a stock buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price objective on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Barclays lifted their price target on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Wolfe Research reduced their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average price target of $149.00.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors and hedge funds have recently bought and sold shares of EMR. Morningstar Investment Management LLC boosted its position in Emerson Electric by 1,225.4% during the 3rd quarter. Morningstar Investment Management LLC now owns 87,328 shares of the industrial products company’s stock valued at $11,456,000 after purchasing an additional 80,739 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Emerson Electric by 2.0% during the third quarter. Kestra Private Wealth Services LLC now owns 119,545 shares of the industrial products company’s stock worth $15,682,000 after acquiring an additional 2,306 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Emerson Electric by 16.7% in the 3rd quarter. NewEdge Advisors LLC now owns 92,045 shares of the industrial products company’s stock worth $12,074,000 after acquiring an additional 13,145 shares during the period. SHUTTLEWORTH & Co bought a new stake in Emerson Electric in the 3rd quarter valued at about $1,562,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Emerson Electric by 0.6% in the third quarter. CANADA LIFE ASSURANCE Co now owns 285,101 shares of the industrial products company’s stock valued at $36,834,000 after purchasing an additional 1,637 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.