Emerson Electric (NYSE:EMR) Stock Price Target Raised at JPMorgan Chase & Co.

Emerson Electric (NYSE:EMR) had its target price boosted by JPMorgan Chase & Co. from $169.00 to $184.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.81% from the stock’s previous close.

Several other equities research analysts have also issued reports on EMR. KeyCorp decreased their price target on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Rothschild & Co Redburn upped their price target on shares of Emerson Electric from $165.00 to $180.00 in a research report on Thursday, August 6th. Citigroup boosted their target price on shares of Emerson Electric from $174.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley boosted their price objective on Emerson Electric from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.00.

Emerson Electric Price Performance

Shares of EMR stock traded up $2.61 on Friday, hitting $161.67. 1,630,992 shares of the company’s stock were exchanged, compared to its average volume of 2,959,839. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.66. Emerson Electric has a 12 month low of $122.64 and a 12 month high of $166.35. The stock has a market cap of $90.55 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a 50 day moving average of $155.68 and a 200 day moving average of $145.46.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.03. The firm had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Emerson Electric had a return on equity of 17.58% and a net margin of 13.83%.The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 earnings per share. Emerson Electric has set its FY 2026 guidance at 6.550-6.550 EPS and its Q4 2026 guidance at 1.850-1.850 EPS. On average, equities research analysts predict that Emerson Electric will post 6.55 EPS for the current year.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the transaction, the chief executive officer owned 271,743 shares in the company, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Emerson Electric

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Emerson Electric during the second quarter worth approximately $6,193,425,000. Bank of America Corp DE bought a new stake in Emerson Electric in the second quarter valued at $2,629,146,000. Bank of New York Mellon Corp purchased a new position in shares of Emerson Electric during the second quarter valued at about $659,000,000. Legal & General Group Plc purchased a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $613,846,000. Finally, Jupiter Topco LLC bought a new stake in shares of Emerson Electric during the 2nd quarter valued at $260,485,000. Institutional investors own 74.30% of the company’s stock.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company that provides products, software and services for industrial, commercial and residential applications. Its offerings help customers automate processes, measure and control operations, improve equipment performance, and manage complex industrial systems.

The company’s portfolio includes process-control and automation systems, industrial software, measurement and analytical instruments, control valves, regulators, electrical equipment, and related services.