Emerson Electric (NYSE:EMR) Given New $196.00 Price Target at Sanford C. Bernstein

Emerson Electric (NYSE:EMR) had its target price raised by Sanford C. Bernstein from $186.00 to $196.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the company. Stephens raised their target price on Emerson Electric from $155.00 to $160.00 in a report on Thursday, August 6th. BMO Capital Markets raised shares of Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. DA Davidson raised their price objective on shares of Emerson Electric from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, August 24th. Evercore dropped their price objective on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Monday, August 31st. Finally, Wells Fargo & Company upped their target price on shares of Emerson Electric from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.38.

Emerson Electric Stock Performance

NYSE:EMR opened at $162.50 on Thursday. Emerson Electric has a fifty-two week low of $122.64 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.66 and a current ratio of 0.94. The company has a 50 day moving average price of $157.82 and a 200 day moving average price of $147.53. The stock has a market capitalization of $91.02 billion, a P/E ratio of 25.94, a PEG ratio of 2.41 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Emerson Electric will post 7.20 EPS for the current year.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a $0.5950 dividend. The ex-dividend date of this dividend is Friday, November 13th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 annualized dividend and a dividend yield of 1.5%. Emerson Electric’s dividend payout ratio is currently 48.58%.

Insider Activity

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the firm’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 transaction of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Emerson Electric in the second quarter valued at approximately $6,193,425,000. State Street Corp lifted its holdings in shares of Emerson Electric by 1.5% during the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock worth $3,962,177,000 after purchasing an additional 403,957 shares during the period. Bank of America Corp DE acquired a new stake in shares of Emerson Electric during the second quarter worth $2,629,146,000. ABS Investment Management LLC purchased a new position in Emerson Electric in the 2nd quarter valued at $858,900,000. Finally, Bank of New York Mellon Corp grew its position in Emerson Electric by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock valued at $827,478,000 after buying an additional 117,513 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

More Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Several firms raised their price targets and kept positive ratings: Citigroup lifted its target to $198, BNP Paribas Exane to $200, and RBC and Bernstein to $196. These revisions suggest analysts see further upside. Citigroup rating
• Positive Sentiment: Fiscal Q4 adjusted EPS of $1.86 and revenue of $5.20 billion topped analyst estimates. Orders rose 14%, supported by software and systems strength, while the company’s initial FY2027 outlook calls for sales growth. Q4 earnings and outlook
• Positive Sentiment: Emerson raised its quarterly dividend by 7.2% to $0.595 per share, extending its long record of annual increases and adding to shareholder returns. Company results and dividend announcement
• Negative Sentiment: The positive results may be tempered by a cautious FY2027 outlook, which appears to have disappointed investors’ expectations. The stock’s rich valuation may also leave less room for execution or guidance shortfalls. Report on outlook

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.