Emerson Electric Co. (NYSE:EMR) shares traded -0.15% lower at $89.22 on Wall Street last session.
In accordance with the data, 24 analysts cover Emerson Electric Co. (NYSE:EMR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $122.00 and a low of $83.00, we find $104.00. Given the previous closing price of $89.35, this indicates a potential upside of 16.4 percent. EMR stock price is now 6.49% away from the 50-day moving average and 3.26% away from the 200-day moving average. The market capitalization of the company currently stands at $51.01B.
It has been rated a hold by 7 analysts and a buy by 15. Brokers who have rated the stock have averaged $103.50 as their price target over the next twelve months.
With the price target enhanced from $79 to $100, HSBC Securities Upgraded its rating from Hold to Buy for Emerson Electric Co. (NYSE: EMR).
In other news, Flavin Lisa, Senior VP & CCO sold 48,718 shares of the company’s stock on Jun 27. The stock was sold for $4,367,798 at an average price of $89.65. Upon completion of the transaction, the Senior VP & CCO now directly owns 51,748 shares in the company, valued at $4.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, CEO and President Karsanbhai Surendralal Lanca sold 4,603 shares of the business’s stock. A total of $441,244 was realized by selling the stock at an average price of $95.86. This leaves the insider owning 99,591 shares of the company worth $8.89 million. Insiders disposed of 215,077 shares of company stock worth roughly $19.19 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EMR stock. A new stake in Emerson Electric Co. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $1,951,308,000. VIKING GLOBAL INVESTORS LP invested $214,206,000 in shares of EMR during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Emerson Electric Co. valued at approximately $134,944,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in EMR for approximately $82,342,000. LAURION CAPITAL MANAGEMENT LP purchased a new stake in EMR valued at around $56,309,000 in the second quarter. In total, there are 2,218 active investors with 76.10% ownership of the company’s stock.
Emerson Electric Co. (NYSE: EMR) opened at $89.50 on Thursday. During the past 12 months, Emerson Electric Co. has had a low of $72.40 and a high of $99.65. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 1.20, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $59.59B, which is based on a 20.88 price-to-earnings ratio, a 2.09 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for EMR is $83.78 and a two-hundred day moving average price translates $86.41 for the stock.
The latest earnings results from Emerson Electric Co. (NYSE: EMR) was released for Mar, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $1.09, beating analysts’ expectations of $0.97 by 0.12. This compares to $0.41 EPS in the same period last year. The net profit margin was 27.40% and return on equity was 44.80% for EMR. The company reported revenue of $3.76 billion for the quarter, compared to $3.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.13 percent. For the current quarter, analysts expect EMR to generate $3.88B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/09/2023. Investors who held shares on 05/12/2023 were paid a $0.52 dividend. On an annualized basis, this represents a $2.08 dividend and a 2.33% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, EMR is presently at 25.30%.
Emerson Electric Co.(EMR) Company Profile
Emerson Electric Co., a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. It serves oil and gas, refining, chemicals, power generation, life sciences, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies markets. The AspenTech segment provides asset optimization software that enables industrial manufacturers to design, operate, and maintain their operations for enhancing performance through a combination of decades of modeling, simulation, and optimization capabilities. The Commercial & Residential Solutions segment offers residential and commercial heating and air conditioning products, such as reciprocating and scroll compressors; system protector and flow control devices; standard, programmable, and Wi-Fi thermostats; monitoring equipment and electronic controls for gas and electric heating systems; gas valves for furnaces and water heaters; ignition systems for furnaces; and temperature sensors and controls. It also provides reciprocating, scroll, and screw compressors; precision flow controls; system diagnostics and controls; and environmental control systems. In addition, this segment offers air conditioning, refrigeration, and lighting control technologies, as well as facility design and product management, site commissioning, facility monitoring, and energy modeling services; and tools for professionals and homeowners. The company was incorporated in 1890 and is headquartered in Saint Louis, Missouri.
