Does Emerson Electric Co. (NYSE:EMR) warrant a purchase right now? What to Consider Before Making a Decision

Emerson Electric Co. (NYSE:EMR) shares traded -0.22% lower at $84.75 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 $125.00 and a low of $88.00, we find $106.50. Given the previous closing price of $84.94, this indicates a potential upside of 25.38 percent. EMR stock price is now -10.91% away from the 50-day moving average and -4.87% away from the 200-day moving average. The market capitalization of the company currently stands at $48.43B.

It has been rated a hold by 6 analysts and a buy by 16. Brokers who have rated the stock have averaged $107.80 as their price target over the next twelve months.

With the price target of $120, KeyBanc Capital Markets recently initiated with Overweight rating for Emerson Electric Co. (NYSE: EMR).

In other news, Ramnath Vidya, Senior VP & CMO sold 2,500 shares of the company’s stock on Sep 05. The stock was sold for $244,638 at an average price of $97.86. Upon completion of the transaction, the Senior VP & CMO now directly owns 11,870 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27, Senior VP & CCO Flavin Lisa sold 48,718 shares of the business’s stock. A total of $4,367,798 was realized by selling the stock at an average price of $89.65. This leaves the insider owning 51,748 shares of the company worth $4.39 million. Insiders disposed of 178,447 shares of company stock worth roughly $15.12 million over the past 1 year. A total of 0.34% of the company’s stock is owned by insiders.

Emerson Electric Co. (NYSE: EMR) opened at $85.49 on Wednesday. During the past 12 months, Emerson Electric Co. has had a low of $76.94 and a high of $100.62. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 2.38, and a quick ratio of 2.07. The fifty day moving average price for EMR is $95.12 and a two-hundred day moving average price translates $89.09 for the stock.

The latest earnings results from Emerson Electric Co. (NYSE: EMR) was released for Sep, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $1.29, beating analysts’ expectations of $1.1 by 0.19. This compares to $1.16 EPS in the same period last year. The net profit margin was -0.88% and return on equity was 14.20% for EMR. The company reported revenue of $3.95 billion for the quarter, compared to $3.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.88 percent. For the current quarter, analysts expect EMR to generate $4.19B in revenue.

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. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity. It offers measurement and analytical instrumentation, industrial valves and equipment, actuators and regulators, and process control software and systems. The company also provides asset optimization software that enables industrial manufacturers to design, operate, and maintain operations for enhancing performance through a combination of decades of modeling, simulation, and optimization capabilities. In addition, it 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. Further, the company provides reciprocating, scroll, and screw compressors; precision flow controls; system diagnostics and controls; environmental control systems; air conditioning, refrigeration, and lighting control technologies; and facility design and product management, site commissioning, facility monitoring, and energy modeling services, as well as tools for professionals and homeowners. The company was incorporated in 1890 and is headquartered in Saint Louis, Missouri.

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