The price of Emerson Electric Co. (NYSE:EMR) shares last traded on Wall Street rose 1.16% to $88.72.
Based on available information, 24 analysts follow 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 $133.00 and a low of $88.00, we find $106.50. Given the previous closing price of $87.70, this indicates a potential upside of 21.44 percent. EMR stock price is now -2.46% away from the 50-day moving average and -0.38% away from the 200-day moving average. The market capitalization of the company currently stands at $50.58B.
Among analysts, 5 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $107.15 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, Karsanbhai Surendralal Lanca, President & CEO bought 10,000 shares of the company’s stock on Nov 17. The stock was bought for $881,963 at an average price of $88.20. Upon completion of the transaction, the President & CEO now directly owns 148,542 shares in the company, valued at $13.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Director McKelvey James Morgan Jr. bought 8,000 shares of the business’s stock. A total of $684,000 was incurred on buying the stock at an average price of $85.50. This leaves the insider owning 11,419 shares of the company worth $1.01 million. Insiders disposed of 204,635 shares of company stock worth roughly $18.16 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
A candlestick chart of Emerson Electric Co. (NYSE: EMR) showed a price of $88.11 on Thursday morning. 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 0.42, a current ratio of 2.75, and a quick ratio of 2.35. The fifty day moving average price for EMR is $90.80 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, missing analysts’ expectations of $1.31 by -0.02. This compares to $0.43 EPS in the same period last year. The net profit margin was -1.15% and return on equity was 13.82% for EMR. The company reported revenue of $4.09 billion for the quarter, compared to $3.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.09 percent. For the current quarter, analysts expect EMR to generate $3.92B in revenue.
Emerson Electric Co.(EMR) 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. The Final Control segment provides control, isolation, shutoff, pressure relief, and pressure safety valves, actuators, and regulators for process and hybrid industries. The Measurement & Analytical segment offers intelligent instrumentation measuring the physical properties of liquids or gases, such as pressure, temperature, level, flow, acoustics, corrosion, pH, conductivity, water quality, toxic gases, and flame. The Discrete Automation segment offers solenoid and pneumatic valves, valve position indicators, pneumatic cylinders, air preparation equipment, pressure and temperature switches, electric linear motion solutions, programmable automation control systems, electrical distribution equipment, and materials joining solutions. The Safety & Productivity segment offers tools for professionals and homeowners; pipe-working tools, including pipe wrenches, pipe cutters, pipe threading and roll grooving equipment, battery hydraulic tools; electrical tools; and other professional tools. The Control Systems & Software segment provides distributed control systems, safety instrumented systems, SCADA systems, application software, digital twins, asset performance management, and cybersecurity. The Test & Measurement provides software-connected automated test and measurement systems. The AspenTech segment 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. The company was incorporated in 1890 and is headquartered in Saint Louis, Missouri.
